CNBC Stock Blog
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- GM's Agreement to Sell Saab To Swedish Firm Falls Apart
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Buyers Look For Bargains At Luxury Condo Auction
- FDIC Fund Falls into The Red, Bair Urges Lending
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- Weak Dollar Is Golden for Mining Companies
- CA "More Profitable" After Saving Energy: CEO
- 10 Holiday Cocktail Recipes from Top Mixologists
- Behind The Scenes With Warren Buffett
- 3D's Tipping Point and Your Living Room
- On Twitter, Beware False Prophets
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Novartis 'Cells' Its Flu Vaccine Technology
- Silicon Valley and Hollywood Now Fast Friends
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Busch: The Debt-Interest Rate Paradox
- The Lloyd's Prayer, Leggo My Eggo, Plate Hate & Your Emails
- In Time for Holidays: More Gloom and Doom on Economy
- Turkey Day 101: How Well Do You Know Your Bird?
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Holiday Guide to This Season's Smartphones
- Six Ways to Boost Your Income in a Big Way
- Buyers Look for Bargains at Luxury Condo Auction
- Ron Paul's Plan to Audit Fed a 'Serious Attack': Mishkin
- GM's Agreement to Sell Saab Unit Falls Apart
- Strong Banks, Weak Credit: Treasury Rethinks TARP
RSS FEED
Text Size 
The major indexes ended trading up Monday. How should you read it?
Art Cashin, director of floor operations at UBS Financial Services, joined CNBC Monday afternoon to offer his stock-market outlook.
Watching the traders, Cashin noted, "They're not doing it in big volume."
So why the late-day surge? He explained it thus:
"A lot of portfolio managers sat out the rally. Now, the report card is going to come in on July 1: 'What did you have in your portfolio?'"
Therefore, Cashin said, managers are hurriedly "holding their noses and buying."
So what's ahead? Cashin turned to one of his favorite rules of thumb, the mythical "Old Trader's Almanac":
"Rallies in bear markets tend to be somewhat short, but certainly very sharp — and they die on low volume."
"And the last two weeks have been very low volume," he added ominously.
Watch the video for more. Plus: Alan Valdes of Hilliard Lyons on Dow Transports and the Nasdaq.
______________________________
CNBC Slideshows:
______________________________
______________________________
CNBC's Companies in the News:
General Motors [GMGMQ
Loading...
()
]
Ford Motor [F
Loading...
()
]
Bank of America [BAC
Loading...
()
]
Berkshire Hathaway [BRK.A
Loading...
()
]
H&R Block [HRB
Loading...
()
]
______________________________
Disclosures:
Disclosure information was not available for Cashin or his company.
Data is a real-time snapshot *Data is delayed at least 15 minutes