Art Cashin on the Markets
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Art Cashin: 'Massive Rally' Expected Soon
Posted By: JeeYeon Park
Stocks could be in for very choppy trading on Friday following the heavy sell-off in the previous session, but get ready for a “massive rally” sometime next week, said Art Cashin, director of floor operations at UBS Financial Services.
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Art Cashin: Volatility to Continue Amid 'Ostrich Rally'
Posted By: JeeYeon Park
Stocks will continue to be “very volatile and shaky,” directed by moves in the European markets, until at least Thursday when President Obama speaks on the economy and jobs, according to Art Cashin, director of floor operations at UBS Financial Services.
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Art Cashin: S&P; May See 'Another Leg Up'
Posted By: JeeYeon Park
The S&P 500 index has managed to stay above the critical 1,200-level, which is giving investors hope that stocks may see “another leg up,” according to Art Cashin, director of floor operations at UBS Financial Services.
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Art Cashin: S&P; Approaching an Important Level
Posted By: JeeYeon Park
The S&P is approaching an important level and, if it holds, stocks could be propelled higher, said Art Cashin, director of floor operations at UBS Financial Services.
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Stocks at 'Critical Levels'—Brace for Further Selling: Cashin
Posted By: JeeYeon Park
Stocks are at “critical levels,” and if we continue to break through the current levels we could be in for further selling, said Art Cashin, director of floor operations at UBS Financial Services.
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Art Cashin: Investors Flocking to the Dow, Not Dollar
Posted By: JeeYeon Park
Markets have been “shrugging off” all the recent geopolitical events, said Art Cashin, director of floor operations at UBS Financial Services.
Art Cashin: End of Week Will Tell Tale For S&P;
Posted By: JeeYeon Park
After its recent rally, the market is currently taking a rest, said Art Cashin, director of floor operations at UBS Financial Services.
Art Cashin: Euro Zone Fears May Cap Santa Claus Rally
Posted By: JeeYeon Park
Stocks were mixed Thursday despite a batch of relatively positive economic news. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
“Things are still looking shaky in Europe, which might put a cap on the Santa Claus rally,” Cashin told CNBC.
Meanwhile, the 10-year treasury yield touched a session high of 3.54 percent, up from 3.52 percent late on Wednesday.
“If rates are going to move up from 3.5 to 4, then I think that might cause a bit of trouble—That’s what happened before,” Cashin explained. “There was an article that said [Pimco’s founder Bill] Gross put $17 million of his own money into bond funds over the last week, so he’s betting that rates aren’t going to go higher.”
“So you could get a spurt when the house passes on the tax compromise, but you’ve got to keep your eye on the dollar, mainly.”
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Scorecard—What He Said:
- Cashin's Previous Appearance on CNBC (Dec. 14, 2010)
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More Market Intelligence:
- Stocks Likely to See 8-12% Upside Next Year: Chief Investor
- Strategist's 'Ron Paul' Trade: Avoid Stocks, Stay Long US Dollar
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CNBC Data Pages:
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CNBC Slideshows:
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Thursday's Dow Laggards (As of Mid-Morning):
American Express
Boeing
3M
Procter & Gamble
Microsoft
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Disclosures:
No immediate information was available for Cashin or his firm.
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Art Cashin: Santa Claus Rally and the Next S&P; Resistance Level
Posted By: JeeYeon Park
Stocks advanced at the open Thursday, then turning mixed, after weekly jobless claims fell more than expected. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Art Cashin: Spain Could Be the New 'Lehman'
Posted By: JeeYeon Park
Stocks fell Tuesday as fear of contagion from the European debt crisiscontinued to rattle investors. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.