Art Cashin CNBC Comments 12/02/08 - SP 500

Art Cashin of UBS was on CNBC this morning 12/2/08, giving comments on the stock market and S&P 500 targets to watch. For all of Art Cashins comments, go HERE


Yesterday was about geopolitical economics and things China did, commodities fell apart.

You really have to cross your fingers, the last 60 minutes was horrible yesterday, we are getting a bounce this morning. China is trying to get aggressive - the whole world is holding their breathe right now.

We were breaking out last week, we didn't get follow through and fell apart yesterday, the S&P 500 has to hold 800 or we risk retesting the lows. Resistance for the S&P 500 is about 845-855 right now and so we are going to let the market tell us where we are headed. We are waiting and watching.

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