CNBC Stock Blog
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Option Bulls Take Another Shot on Idenix
- Top 20 European Stocks for Crisis Time: Strategist
- Hewlett-Packard Faces a ‘Dogfight’ for Talent: Analyst
- DuckDuckGo Cooks Google’s Goose: Analyst
- General Electric’s $4.5 Billion Dividend Slated for Buybacks
ABOUT THE CNBC STOCK BLOG
ART CASHIN
RSS FEED
Art Cashin: Stocks Will Fall if Dollar Rises
Text Size 
CNBC.com Writer
The U.S. dollar rose against most major currencies on Friday, clawing off a one-year low against the euro as waning risk appetite cut demand for higher-yielding currencies. Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his market insights.
Cashin said the reflex rally in the dollar will cause equities to fall.
“Almost all the asset classes have been moving directly in relationship to the dollar,” said Cashin.
“You don’t even have to look at the news ticker anymore—you just tell me what the dollar’s doing and I can tell you what stocks, oil and gold are going to do. If the dollar finds a level and begins to reverse, that could cause trouble across many asset classes.”
Cashin added that he will be watching for any changes in market momentum three days before the end of September.
“A lot of this has been under-invested portfolio managers saying: 'My report card is due when October comes,'” he said.
“So three days before [the end of the month]...will be the day I’ll watch for.”
______________________________
Disclosure:
No immediate information was available for Cashin or his firm.
______________________________
CNBC Slideshows:
______________________________
CNBC's Companies in the News:
Morgan Stanley [MS
Loading...
()
]
Citigroup [C
Loading...
()
]
Microsoft [MSFT
Loading...
()
]
Toyota [TM
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes
