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Art Cashin: Today's Stock Market Outlook

Art Cashin, floor manager for UBS Financial Services, offered CNBC his insights into what traders expect for Wednesday.

This recession is "starting to look like a W," said Cashin.

The market "clearly" got overbought, and he expects new complications this week with options expiring. (Here's one option play ahead of Friday's deadline.)

Cashin believes the credit market may be the truest indicator of where things are going — and that's unfortunate. Instead of the hoped-for "green shoots," the market is only showing only "brown stalks," Cashin said

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