CNBC Stock Blog
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- Bulls Check In to Community Health
- Bank of America’s Worst-Case Scenario Gets More Real
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- So Now You Can’t Give Microsoft Away?
- Groupon Needs More Disclosure: Analyst
ABOUT THE CNBC STOCK BLOG
RSS FEED
CNBC EXPLAINS
Art Cashin: Trade Carefully—7 More Years of Downtrends
Text Size 
CNBC.com Writer
Stocks slipped Tuesday as investors took a breather following a three-session rally last week. Art Cashin, director of floor operations at UBS Financial Services shared his insights.
“There’s only been a few times that a month has begun with three strong days such as we saw last week," Cashin told CNBC.
"But unfortunately, most of the times, two days later, the market was headed back down.”
Cashin said although the buy-and-hold strategy is dead, markets go through 17.6-year alternating cycles where investors can either “throw darts at the wall and everything goes up” during the "fat" years — or wait until the market bottoms out during a "lean" cycle, like the current one.
“We’ve got about 7 more years to go [on the lean cycle],” Cashin said. Unlike during the fat cycle, investors and traders have to be hyper-vigilant and "be there every day" to react nimbly to market moves.
Scorecard—What He Said:
______________________________
CNBC Slideshows:
______________________________
More Market Views:
______________________________
CNBC Data Pages:
______________________________
______________________________
CNBC's Companies in the News:
Barclays [BCS
Loading...
()
]
Google [GOOG
Loading...
()
]
Oracle [ORCL
Loading...
()
]
Hewlett-Packard [HPQ
Loading...
()
]
Burger King [BKC
Loading...
()
]
______________________________
Disclosures:
No immediate information was available for Cashin or his firm.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes
