Art Cashin of UBS was on CNBC this morning 11/18/08. Below are Art Cashin's comments.
HPQ news was good news, technology stocks have been badly beaten down, The Hewlett Packard News is a sigh of relief, don't know if its a turnaround for the markets though.
As far as testing the lows goes, the lows testing we have been doing lately is raising some concern. Each bounce off the lows is weaker, if we restest the lows and break down, we could really spiral down.
The PPT ( Plunge Protection Program ) is nonsense, Art Cashin doesn't think the Government is buying the S&P's every time we plunge to spark a rally like a previous guest on CNBC had eluded too.
For all of Art Cashin's comments over the past several weeks, click here
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