Art Cashin 3/13/09 March 13, 2009 - Rally

Art Cashin, floor trader on the NYSE, was on CNBC this morning and gave several stock market related comments on what he is seeing.

Art Cashin Comments -3/13/09

Should we be worried because we've rallied so much?

We do have to have some concern, this is starting to look like a crowded trade - all of a sudden everyone is bullish on the stock market.

Also Volume is holding up only on short covering - you see heavy volume going into the bank sector but light volume everywhere else.

We closed at the top yesterday, closing at the top is usually followed by sideways action or down

I guess this rally needs to prove itself!

For all of Art's Comments, go here

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