CNBC Stock Blog

ABOUT THE CNBC STOCK BLOG

The CNBC Stock Blog is a cross-section of expert opinions and insights from our TV and Web site coverage. This blog includes posts written by and about top analysts and strategists, super-investors and CNBC's own market mavens. You'll find stock picks, news about publicly-traded companies, commodities, hot sectors, ETFs and the latest options action.

STOCKS

» More

MARKET MOVERS

» More

ART CASHIN

Art Cashin on the Markets
Art Cashin, Director of Floor Operations at UBS, shares his analysis and pulse of the market with CNBC viewers.

RSS FEED

» Help

Subscribe to this RSS feed
Stay up to date with the CNBC Stock Blog.

CNBC EXPLAINS

Art Cashin: Bank-Bashing May Cause Bear Market

Published: Monday, 25 Jan 2010 | 1:52 PM ET

Text Size

US markets rose Monday, after logging the worst week since March 2009. What's driving today's stock action and what's next? Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his stock market insights.

Cashin said the main factor lifting markets is "the Bernanke Bounce": optimism arising from hopes that Ben Bernanke is closer to winning a second term as Federal Reserve chairman.

"People are hoping that people in Washington are going to look for solutions instead of scapegoats — then maybe we can get somewhere."

But Cashin does not share that optimism. Decrying a "populist anti-bank" tone among legislators, he fears that lawmakers may "inadvertantly inhibit liquidity" by scaring financial firms with talk of regulatory clamp-downs.

Could such a liquidity freeze engender a new bear market?

"It has that possibility," mused Cashin.

For Cashin's advice re the next 2 trading weeks, watch the full interview.

Point/Counterpoint:

______________________________
More Market Analysis:

______________________________
CNBC Slideshow: