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
- Behind The Scenes With Warren Buffett
- 10 Holiday Cocktail Recipes from Top Mixologists
- CA "More Profitable" After Saving Energy: CEO
- The L.A. Extravaganza: A Test for Auto Shows
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
- 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
- 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 
Amid choppy earnings, is the rally running out of steam?
Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his stock-market insights Wednesday.
Caterpillar on Tuesday had reported a sweet upside surprise of 50 cents per share — yet its shares are down. Why?
Cashin said that among some traders, "there is a concern" about the global construction giant's numbers being misleading.
"The Caterpillar results weren't quite the unalloyed joy they appeared to be. I think the company is a little stretched."
He said the firm was buoyed by Chinese stimulus money — and so faces an uncertain future.
Crunching such ostensibly false hope with the uncertainty of bank earnings, Cashin maintains his stance on the current rally: "We'll know by the end of this week" whether there will be a minor pullback or a hard correction.
"I'd say there was a 30 percent chance of a sudden reversal."
More from Art Cashin:
______________________________
CNBC Slideshows:
_____________________________
______________________________
CNBC's Companies in the News:
Bank of America [BAC
Loading...
()
]
General Electric* [GE
Loading...
()
]
Caterpillar [CAT
Loading...
()
]
Wells Fargo [WFC
Loading...
()
]
Morgan Stanley [MS
Loading...
()
]
* General Electric is the parent company of CNBC.
______________________________
Disclosures:
Disclosure information was not available for Cashin or his company.
Data is a real-time snapshot *Data is delayed at least 15 minutes