CNBC Stock Blog
- So Now You Can’t Give Microsoft Away?
- Groupon Needs More Disclosure: Analyst
- China’s Steelmakers Set for Turnaround: Analyst
- Bulls Bet Silicon Motion Will Bounce
- Tobacco Stocks a Hot Dividend Play: Analyst
- Forget the Earnings, Disney’s Issue Is the Multiple: Analyst
- Drug Stocks Do Well in ‘Gloom and Doom’ Market: Analyst
- 6 Stocks Unworthy of Biotech Bull Market
ABOUT THE CNBC STOCK BLOG
RSS FEED
CNBC EXPLAINS
Art Cashin: We Could See 'Historic Trading' Soon
Text Size 
Stocks rebounded Tuesday after Monday's drop. Will the rally continue? Was yesterday a mere dip — or the first warning of the correction?
Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his stock-market insights.
Cashin noted Monday's multiple events, calling it a "90 percent down day" in which "the Vix exploded to the upside."
"I said last week that the market was ahead of reality," Cashin reiterated.
"I still have my warning signals up," he said. "There are things gathering around here that are kind of esoteric."
More Market Prognostication:
He pointed to "the market going into Ramadan on the 22nd" — referring to the month-long Muslim fasting discipline.
"We could see perhaps historic trading over the next eight weeks or so."
______________________________
______________________________
CNBC's Companies in the News:
Apple [AAPL
Loading...
()
]
American Express [AXP
Loading...
()
]
Google [GOOG
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
