Art Cashin CNBC 2/20/09 February 2009

Art Cashin, floor trader from UBS, was on CNBC this morning ( February 20, 2009 ) and gave comments on the Stock Market and what to look for.


Art, where do we go now that we broke the lows in the Dow Jones yesterday?

It's a complicated case, we have a Dow theory sell signal since we closed at a new low yesterday....what i'm hoping for is we test the S&P 500 over the next few days and if we hold 741 we could see a rather significant bounce. We could have a brief pop...or a real bear market rally...we will know in a few days. If we break 741 then there will be debate as to us testing the 2002 or 1997 lows.

Bank Nationalization Fears: When you here Alan Greenspan chime in, you definitely have fears. There are certainly rumors going around. For all of Art's Comments, go here

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