Art Cashin CNBC 2/27/09 February 27, 2009

Art Cashin, floor trader with UBS, has come on CNBC today, February 27, 2009, and gave some comments on Citigroup and the overall stock market as we plunge to new lows in pre market.


Art Cashin CNBC comments 2/27/09


Art what happened today?


We will have to see what happens in the next 60 days, saw some signs of this yesterday with Sallie Mae SLM. The market is testing the lows this morning.



President Obama has a lot of political capital but he seems to using it up, the gallop poll has him lower then Bush in the first month of Presidency, its confusing.


Citigroup News:


Dilution, Citi avoided death, were aren't going to kill then but we will break both of their arms.
If we break 740 on the S&P 500 and this could be a very tough week coming up next week.


For all of Art's Comments, go here


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Stimulus Plan Update 2/23/09 February 23, 2009

The 787 Billion Dollar Stimulus bill that was passed and signed last week will soon be on heavy watch. President Obama will assign Department of Interior director Earl Devaney to make sure there isn't any wasteful spending. Vice President Joe Biden will also supervise each payout of the stimulus bill and work closely with the Governors and Mayors.

Below are some other updates on the Stimulus Package for 2/23/09

6 Governors May Reject Portions of Stimulus - New York Times

U.S. citizens can monitor stimulus through Web sites Recovery.gov - TimesCall.com

Stimulus plan offers taxpayers a variety of breaks: what they mean to you - Boston.com

Governor To Accept Stimulus Money For Hawaii - Hawaii To Receive Nearly $1B - kitv.com

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