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Watch Art Cashin: Post-debt deal dip possible

Wednesday, 16 Oct 2013 | 1:05 PM ET
Art Cashin: 'Buy the dippers' double down
Wednesday, 16 Oct 2013 | 11:45 AM ET
CNBC's Bob Pisani and Art Cashin of UBS discuss why there was a triple-digit move in the market today, ahead of a debt deal in Washington.

Art Cashin says Wall Street is rallying now on Washington's debt deal, but he wants to see if the buying can be sustained.

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani around midday that "right now they're pouring champagne .. let's see how the afternoon goes."

Sell on the news? Cashin says, "I want to see if they can sustain. This clearly looks like the 'buy the dip' crowd. OK, it's over, it's done with, the continuing resolution has been passed. Now what? Is that all there is? There may be a dip after this."

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