Art Cashin came on CNBC 11/25/08 and gave some comments on the current stock market conditions and his opinion on a possible stock market bottom.
Art Cashin Comments: November 25, 2008
The further away from the bottom you get, the more credible it becomes....we are watching volume to see if this can hold. We are watching levels on the S&P 500 of 865 and 872 as resistance levels.
People were waiting yesterday for sellers to come in the last half hour, they didn't arrive, so that made buyers scramble to buy.
We still have to give this rally a little more time to figure it out, is this just another bear market rally? Some say we have another leg down to go. For more comments from Art Cashin, go HERE
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