Art Cashin on the Selloff

IMG Auteur
Published : September 26th, 2014
94 words - Reading time : less than a minute
( 1 vote, 3/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Market Rumor Ubs
Category : Opinions and Analysis

Art Cashin, Director of floor operations at the NYSE for UBS, talks about yesterday’s huge stock sell-off following Wednesday’s fresh record highs. As is the case for most pundits, Cashin offers no clear reason for the change in market sentiment.

Cashin notes: “Rumor-mongers are out and about so viewers should be careful … it’s clearly rather heavy selling … there’s nothing narrow about this selloff.”

It’s worth pointing out that one phrase that was noticeably absent from the discussion of yesterday’s market action was “buy the dip”, though that appears to be happening today.

<< Previous article
Rate : Average note :3 (1 vote)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.