D. Gartman: The decline in US indices is not over

The collapse of US indices since the beginning of the week mobilizes an army of analysts and experts who are struggling to give an advices to investors.
Their opinions are quite opposite, some of them recommend investors to sell because we can see a further decline in the market, while the other part advises investors not to panic and not to close their positions.
The Dow blue chip index lost 1 841 points in two sessions, or nearly 7% of its value.
Some investors sell because they fear higher interest rates will affect the profits of US companies.
Others are dropping stocks because they expect further weakness in stock markets, or because they just have algorithms that sell when the majority sells, and so the decline is on the rise.
What are the predictions?
"The last few days are just the beginning of what may be a more serious bearish market," according to investor-veteran Dennis Gartman.
"We are now in the nine years of the bullish market, so will we see an adjustment of 12, 15, or 17% over the next few months?" - the expert continued.
Of course, investors should keep in mind that Gartman is traditionally a counter-investor. He has been warning of a correction for months, in an environment of growth and an increase in indexes to new and new records.
Of course there are experts who are in the opposite opinion. For example, according to Jeremy Siegel, one of the most prominent bulls in the market in recent years, which is also a warning of a potential correction, a 500-point drop in Dow could provide a good starting point for investors to buy stocks.