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Cashin Says Markets Forming A Top
Friday, August 6, 2010 - 7:24am | 168In article on CNBC, Art Cashin, director of floor operations at UBS Financial Services, commented after the latest government data indicated an unexpected increase in new weekly claims for unemployment benefits for the weak ended July 31. Cashin said, “I’m surprised by the muted reaction [markets...
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Art Cashin Weighs In On Dupont Numbers (UBS, DD)
Friday, July 30, 2010 - 12:28pm | 160DuPont (NYSE: DD) posted strong results, but its impact on the market was negated by depressed consumer confidence data. Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), told CNBC, “The DuPont numbers were just terrific and that’s what’s giving us a bit of a boost....
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Small Businesses Catalyst of Growth : UBS (UBS, DD)
Wednesday, July 28, 2010 - 12:54pm | 131DuPont (NYSE: DD) posted good results, but its impact on the market was negated by depressed consumer confidence data. Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), told CNBC, “The DuPont numbers were just terrific and that’s what’s giving us a bit of a boost....
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S&P 500 May Reach 1,100 : UBS (UBS)
Friday, July 23, 2010 - 10:53am | 130Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS) has questioned the recent stock rally. He said that the question remains whether the recovery is sustainable or not. He added, “The amount of money being put into the banking system and other places is up 23 percent...
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Markets to Rise Further; CNBC
Wednesday, July 14, 2010 - 4:42pm | 143Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), is of the view that the market will continue its upward journey. He told CNBC, “It feels like the market will keep going. But we do hope to see some better volume. Things have calmed down somewhat and (are) looking...
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UBS Advises Caution (UBS)
Friday, July 9, 2010 - 3:13pm | 109Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS) has claimed that he is cautious about the market. He told CNBC, “I think you have to be careful." But he added that market’s performance this week has been ‘quite impressive.' Jobless claims numbers were positive for...
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Market Showing Hints Of Double Dip
Thursday, June 24, 2010 - 7:10pm | 100Art Cashin, director of floor operations at UBS Financial Services, is of the view that the market is showing signs of a double dip recession. In an interview with CNBC, He said, “The market’s done some technical damage to itself. We all were happy to see it move up above its 200-day moving average...
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Fears Of A Market Double Dip Are Rising
Wednesday, June 23, 2010 - 5:54pm | 138There has been much discussion about a double dip recession. In the bearish market category are Paul Schatz and Art Cashin. Paul Schatz, president of Heritage Capital believes that the United States economy is headed for a double dip. Schatz is bullish on metals believing that “gold this year is...
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China Currency Moves To Affect US Debt (UBS)
Tuesday, June 22, 2010 - 3:42pm | 117China is moving towards deregulating its currency. This move is likely to have an impact on US debt. Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), told CNBC, “We’re going to go to the second-tier resistance this morning, which is around 1,128 to 1,131 on the S...
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Exchange Rates To Influence Markets (UBS)
Wednesday, May 19, 2010 - 6:53am | 134Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), said that the market seems to be less anxious about the European debt crisis. In an interview with CNBC, he said, “By the end of the day [Monday] after all the action, it was like commuting by rollercoaster: you got off...
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Markets To Slide Down (UBS)
Tuesday, May 18, 2010 - 7:22am | 117The euro has continued its slide. On Monday, the sixteen nation currency hit a four-year low. In an interview with CNBC, Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), said, “Everyone’s looking wearily to see if the euro is going to come back and bite them again...
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Markets Worried About Sovereign Risk ; CNBC
Wednesday, March 31, 2010 - 9:11am | 111Analysts expect markets to remain volatile this week. In an interview with CNBC, Art Cashin, director of floor operation at UBS Financial Services, expressed his views about the market. Cashin told CNBC, “I think everyone’s been hoping for some end-of-quarter window dressing to move things up. But...
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The Stock Market Is Oversold : Analyst Tells CNBC
Wednesday, February 3, 2010 - 12:44pm | 103The stock Markets repeated Monday’s performance and remained in green territory on Tuesday. According to Art Cashin, director of floor operations at UBS (NYSE: UBS), these positive moves are an oversold reflex rally and he expects the rally to last for a couple more days. While talking with CNBC,...
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Art Cashin Says The Market Defies Gravity
Sunday, October 25, 2009 - 7:43pm | 39Art Cashin said the market defies gravity for two reasons: 1. Cheap US dollar lures foreign investors to US stocks. 2. Fund managers fear looking stupid. The fear of appearing inept or stupid is a powerful motivator and can drive markets.