Watch Art Cashin: It may stink, but it's a TINA market

Cashin says: 10-year yield slowing creeping up

Art Cashin says some people are "holding their nose and buying" stocks despite widespread worries the market is due for a pullback after repeatedly hitting new highs.

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani around midday that it remains a "TINA" market. "There is no alternative" because low interest rates make bonds and other alternatives less attractive.