Art Cashin CNBC 3/27/09 March 27, 2009

Art Cashin was on CNBC this morning, March 27, 2009 - and gave some comments about what he is seeing in the stock market right now.

Are there any Bears left Art? Can this rally last?

Window Dressing: You are seeing some window dressing - Fund managers are seeing this sharp rally and its making headlines, - they are attempting to buy the winners so they show up in their portfolios ( when the statements go out ). Today may be the last important day...we will see what happens at the end of the day.

Raise Cash? I thought there would be a powerful rally weeks ago, there might be a little bit of steam left in this rally. 70% of stocks are above 50 day moving average, when you see 80% the rally starts to die. We might have a change in direction around Easter...just not sure which way yet.

Shorts have had fear placed back on their plate...I think they are nervous now but if we get another dip, they might try and push it down once again.

For all of Art's Comments, go here

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