Art Cashin was on CNBC this morning, July 8, 2009 - and gave some comments about what he is seeing in the stock market right now. Art is a floor trader from UBS on the NYSE as well as a CNBC contributor.
Art Cashin Comments - July 8, 2009
I think we will know the coarse of the stock market by July 17, 2009. Whether we retest the lows or not, we will have an answer by the end of next week. As far as earnings go, I an discounting the earnings and focusing on the outlook.
The first stimulus package was part illusion and hope, we misused it, we may not be able to help ourselves now the we actually need it.
Stay tuned................
For all of Art's Comments, go here
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