Art Cashin CNBC Comments 2/4/09

Art Cashin, a floor trader on the NYSE for UBS, came on CNBC this afternoon and made some comments on falling stock market.

What do you see Art?

Late day rumors....Bank of America ( BAC ) falling below $5 isn't good. If you recall, when Citigroup ( C ) fell below $5, some Mutual Funds couldn't hold it, this could be the case with BAC, we'll have to see.

The stock market could get worse, this reversal today has given the bears the initiative for the next few days unless the bulls can rally the market in the last hour today.

For all of Art's Comments, go here

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