Art Cashin, NYSE floor trader from UBS, was on CNBC 12/16/08 and gave his comments on what he is looking at today as far as the stock market goes.
What are you watching today Art?
I think we need to sit back and wait for the Fed and GE guidance that will be coming this afternoon. The Goldman Sachs ( GS ) earnings were neutral, weren't as bad as people expected but their rating was downgraded by Moody's. We also have to see if there is more fall out from the Madoff scandal.
Traders want to hear something on this quantitative easing from the Federal Reserve Today.
For all of Art's Comments, go here
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Showing posts with label bullish. Show all posts
Showing posts with label bullish. Show all posts
Tuesday, December 16, 2008
Tuesday, December 9, 2008
Santa Claus Rally - Art Cashin CNBC 12/9/08
Art Cashin of UBS was on CNBC this morning, 12/9/08, and gave some comments on this recent Santa Claus rally.
I don't know if the Santa Claus rally is here yet, Friday's action was great after bad news, the two days ( Friday and Monday ) weren't frenzied, 4% moves tend to happen in bear markets which is a little concerning.
What are you most worried about? You have to worry about a major geopolitical event that could halt this rally. I'm worried about that we committed over a trillion dollars and if we get some sort of geopolitical event, where is the money going to come from? The economic data that will be coming out this week is rear view mirror looking and the market already knows it will be bad. For more Art Cashin comments, go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
I don't know if the Santa Claus rally is here yet, Friday's action was great after bad news, the two days ( Friday and Monday ) weren't frenzied, 4% moves tend to happen in bear markets which is a little concerning.
What are you most worried about? You have to worry about a major geopolitical event that could halt this rally. I'm worried about that we committed over a trillion dollars and if we get some sort of geopolitical event, where is the money going to come from? The economic data that will be coming out this week is rear view mirror looking and the market already knows it will be bad. For more Art Cashin comments, go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Monday, December 8, 2008
Art Cashin CNBC 12/08/08 - December 8 - 2008
Today, 12/8/08, Art Cashin floor trader from UBS was on CNBC and gave comments on the stocm market bounce we are getting this morning.
Art Cashin Comments - December 8th, 2008
I still feel good about the markets, we had a nice reversal Friday, closed up on bad news, bottoming process, won't go all in until next week, we could have another bump in the road due to some cycles coming together.
The Santa Claus rally might be beginning, and if you listen closely, you might hear sleigh bells.
For more Art Cashin comments, go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Art Cashin Comments - December 8th, 2008
I still feel good about the markets, we had a nice reversal Friday, closed up on bad news, bottoming process, won't go all in until next week, we could have another bump in the road due to some cycles coming together.
The Santa Claus rally might be beginning, and if you listen closely, you might hear sleigh bells.
For more Art Cashin comments, go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Friday, December 5, 2008
Art Cashin CNBC 12/05/08 - Jobs Report
Art Cashin of UBS, came on CNBC today, 12/5/08, and gave comments on the Jobs Report and what he is looking for after this number was released.
Art said this looked like the time back in 1973-1974 where we had similar jobs numbers, they took the market down 50% going into the horrible data just like they did over the past year in 2008.
Art Cashin says look for a few things today - look for 8140 support on the Dow Jones, similar to what I am looking for, & 815 as support on the S&P 500. The bulls might face this number, maybe rally strongly, possibly already discounting the news. We will have to see what happens later today.
For all of Art Cashin's comments, go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Art said this looked like the time back in 1973-1974 where we had similar jobs numbers, they took the market down 50% going into the horrible data just like they did over the past year in 2008.
Art Cashin says look for a few things today - look for 8140 support on the Dow Jones, similar to what I am looking for, & 815 as support on the S&P 500. The bulls might face this number, maybe rally strongly, possibly already discounting the news. We will have to see what happens later today.
For all of Art Cashin's comments, go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Monday, November 3, 2008
Carter Worth CNBC 11/03/08 - Election
Carter Worth - Chief Market Technician at Oppenheimer was on CNBC today, 11/03/08 and gave some stock market analysis:
This week could be the biggest week for data in the last decade. We think all the data you will get is all priced into the stock market. The rebounding action should continue over the next few weeks. We think you should be long, not short this stock market.
A McCain victory is not priced into the market but an Obama victory is.
Regional Banks & Insurers are showing signs of life, this is positive for the markets.
Another thing that could really cause the stock markets' to go down is a employment number that is more then 250,000 jobs lost for last month.
We are still bullish!
http://daytradingstockblog.blogspot.com/
This week could be the biggest week for data in the last decade. We think all the data you will get is all priced into the stock market. The rebounding action should continue over the next few weeks. We think you should be long, not short this stock market.
A McCain victory is not priced into the market but an Obama victory is.
Regional Banks & Insurers are showing signs of life, this is positive for the markets.
Another thing that could really cause the stock markets' to go down is a employment number that is more then 250,000 jobs lost for last month.
We are still bullish!
http://daytradingstockblog.blogspot.com/
Tuesday, October 28, 2008
Jim Cramer CNBC 10/28/08 - Bullish on the Market
Today, 10/28/08, Jim Cramer was on CNBC's Stop Trading segment. Jim Cramer thinks the market is going to be up substantially today. And it is just that, the stock market is riping higher as he is talking.
Jim Cramer said he thinks NYX has been beaten down so much, even that stock will see a bounce. He called the NYX fall, " an amazing fall."
Jim said that he didn't feel that the stock markets should have fell into the close yesterday and we are playing a little catch up today. Mutual Funds are marking stocks up for the end of the month. He also stated that the Verizon ( VZ ) news was great yesterday 10/27/08, as well as the Boeing ( BA ) news. Jim is bullish on stocks in the short term and he will probably mention this on Mad Money tonight.
http://daytradingstockblog.blogspot.com/
Jim Cramer said he thinks NYX has been beaten down so much, even that stock will see a bounce. He called the NYX fall, " an amazing fall."
Jim said that he didn't feel that the stock markets should have fell into the close yesterday and we are playing a little catch up today. Mutual Funds are marking stocks up for the end of the month. He also stated that the Verizon ( VZ ) news was great yesterday 10/27/08, as well as the Boeing ( BA ) news. Jim is bullish on stocks in the short term and he will probably mention this on Mad Money tonight.
http://daytradingstockblog.blogspot.com/
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