Art Cashin was on CNBC this morning, June 30, 2009 - and gave some comments about what he is seeing in the stock market right now.
We are at 8500 again....are we still in the sideways trade?
Looks like we will continue...stock market is looking tired. We are waiting to see a break out of this range. It can go either way at this point, we are just watching and waiting.
Earnings are upon us:
I suspect we will see no visibility, the bar for earnings is low so they should be able to meet those. The key will be the outlook going forward. There are signs that we cannot see ahead. If Oil rises above $74, you could see a short covering spike and that could hurt things.
For all of Art's Comments, go here
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