Art Cashin CNBC 12/05/08 - Jobs Report

Art Cashin of UBS, came on CNBC today, 12/5/08, and gave comments on the Jobs Report and what he is looking for after this number was released.

Art said this looked like the time back in 1973-1974 where we had similar jobs numbers, they took the market down 50% going into the horrible data just like they did over the past year in 2008.

Art Cashin says look for a few things today - look for 8140 support on the Dow Jones, similar to what I am looking for, & 815 as support on the S&P 500. The bulls might face this number, maybe rally strongly, possibly already discounting the news. We will have to see what happens later today.

For all of Art Cashin's comments, go HERE

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