Art Cashing came on CNBC twice today, October 31st, 2008, and gave some comments on the stock market and the up coming election next week.
I think we are in reasonably good shape as far as the stock market goes, we need to get past election though. We didn't get the capitulation like we wanted last week, these capitulations usually last into the last Monday of October, and this time it was the closing low. We might have a possible retest of the lows after the election.
I'm hoping we can get together back to back Dow up days today.
Don't make a heavy commitment to stocks until after the election.
Click Here for a list of Art Cashin predictions for the week.
http://daytradingstockblog.blogspot.com/