"I really think the markets are rallying because Washington is a ghost town, the President's out of the country, Congress is adjourned-- so there's going to be nobody there to be quoted saying something to break this mood," said Art Cashin, UBS.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the day's rally, which seems to be based on hopes a deal can be made regarding the fiscal cliff. It could also be because there's no one in Washington to say anything contentious, he says.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss Congressional leaders' trip to the White House today and how traders are likely interpret the news. "You can't make a total commitment in any vehicle," he says.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's moving the markets today, and speculate whether Janet Yellen is running for the Fed chairmanship.
Art Cashin, UBS, offers insight on House Speaker John Boehner and President Obama's tones, and the nuances involved in each politician's remarks. The market is heavily oversold and entitled to a bounce, he says. But Europe will likely continue to be a concern over the weekend.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's causing the market sell-off one day after the presidential election. "This is a psychological business, and yes -- Mario Draghi is in there, Apple's in there and of course, the fiscal cliff is in there," he says.
"The market is as confused as everyone else," said Arthur Cashin, UBS Financial Services, discussing the impact of today's Presidential election on the markets.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss how the U.S. election could impact the markets. "Many traders are hoping whoever wins, it is not close," he says.
CNBC's Bob Pisani and Art Cashin, of UBS discuss the jobs number and the market's response. It was primarily the dollar that caused the pullback, he says.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's driving today's market rally, including ISM and initial jobless claims. Even Europe has been quiet, lately.