Art Cashin CNBC 11/14/08 Capitulation Comments

Art Cashin of UBS was on CNBC this morning, 11/14/08, and gave some comments on yesterdays rally.

It was as close to capitulation as you could have come....the Dow Jones held its lows, we made a big reversal off the lows and rallied. I would have liked more volume but we got around 2 billion in volume which is good. The only downside was the financials didn't really participate in the big rally yesterday, but we'll take it!

We are going to retest the rally this morning and see how we hold up.

I got what I wanted yesterday, today, 11/14/08, should be another volatile day, we will get a better feel as to what we do next week.

See all of Art Cashin's comments over the past several weeks, HERE

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