Art Cashin CNBC 11/20/08 - Stock Market Comments

Art Cashin of UBS was on CNBC, 11/20/08, and gave some comments and opinion on the stock market. You can find all of Art Cashin's comments HERE

Art Cashin November 20th, 2008:


We have to take a look at the mark to market accounting rules because obviously nothing else is working right now, they are zeroing in on Citigroup C and other banks.

Today, we need to see if the Dow Jones tests and holds the Oct 10th intra day low level of 7773, see if it produces a meaningful bounce, if it breaks, you are probably looking at some cascade selling that follows. But for now, let hope 7773 on the Dow holds today.

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