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Don't be a buyer in Nvidia's bear market, expert warns

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Gartman Letter,Dennis Gartman

As the tech sector faced intense volatility in the prior trading week, semiconductor manufacturer Nvidia (NVDA), in particular, has come under pressure. The ...

), in particular, has come under pressure. The former Gartman Letter editor and publisher Dennis Gartman joins Morning Brief to discuss"Each low recently has been lower. Each high has been lower. I think we're in a bear market in Nvidia, and I would not be a buyer. I'd rather own consumer disposables, I'd rather own REITs , I'd rather own dividend-paying stocks. I'll avoid Nvidia," the University of Akron endowment committee chairman tells Yahoo Finance.

I think it was just about a month, maybe a month and a half ago that the A was egregiously over expensive and take a look at the decline that we have seen NVIDIA since you did make those comments and had been trading right around 100 bucks a share.You can see that we made a high in July.Why do you think we're in a bear market for NVIDIA?

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