More investors are taking advantage of short-term declines in stocks prices and are looking at December's upcoming payroll numbers as a bellwether for a timeline on when the Federal Reserve would begin to taper its $85 billion-a-month bond-buying program, said Art Cashin, director of floor operations for UBS, to CNBC on Friday.
"They watch each little tick and people are beginning to move into some eventual tapering, and as [CNBC anchor Steve] Liesman suggested, this is going to make December's payroll very important, and then you're going to start to get a real hint of tapering," Cashin said during an interview on "Squawk on the Street."
