Art Cashin CNBC 1/14/09 January 14, 2009

Art Cashin came on CNBC today, 1/14/09, and gave his comments on the stock market. Art is a floor trader from UBS on the floor of the NYSE.

Art Cashin Comments January 14, 2009

Retail sales were ugly this morning combined with the concern over Tim Geithner as Treasury Secretary. For the start of the year, we had rally - people are staying away from the market in case Geithner does not get in there due to these tax problems.

Some people are saying the blow to financials could effect New York real estate industry in a big way.

Optimism? We stopped rallying on bad news - this is not good! We are at key levels in the markets, for the S&P 500, keep an eye on 850, if that fails we could give back all of November's rally.

For all of Art's Comments, go here

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free