Art Cashin Comments CNBC 12/04/08 - Bottom?

Art Cashin, UBS Floor Trader on the NYSE, was on CNBC 12/4/08 and gave his comments on the stock market today.


Art Cashin CNBC Comments 12/4/08

With the News today, is there any way we can shake it off?

A lot of this negative economic stuff is kinda of catch up news priced in, its a good sign to get negative news and close up on the stock markets. We are still in a trading range, but its comforting to be closing up on bad news. This is a sign the market is bottoming!

Do you have a jobs number that's priced into the market for tomorrow? 300-350,000 is priced in, i'm hearing a number as high as 400,000 jobs lost tomorrow. Revisions will be something to watch as October's job loss could get revised higher.

We think the big three automakers will get some sort of bailout.

For all of Art Cashin's comments, go HERE

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