Art Cashin on UBS


Last quote by Art Cashin on UBS

So you get this big bounce back rally
share this quote
Aug 15 2017
Automatically powered by Storyzy
Take our quote verification challenge and find out !

All quotes by Art Cashin on UBS

To get a positive reaction, you need the president to say just the right things, to give enough detail, hope and timing that the market picks up on it. Then you need Congress, both the Democrats and Republicans, to sound like they might be able to work along with it and get it passed. Now, if either of those don't happen, that would raise the possibility of a logical, negative reaction from the

Well, we're significantly overbought now. I mean, I think we're really vulnerable in the sense that things like the advanced decline indicator is not keeping up with the rate of the rally. We're above, 8 percent above the 200-day moving average, getting very close to 10 percent above in the S&P. That's usually a warning

It's not a very broad rally as it had been a couple weeks ago. So when it begins to narrow, you do worry about that. The volume was nothing to write home to mother about. So you look at those things and say, How much of this is an illusion and how much of it's real? If they punch through there, they could possibly get a tailwind and ... kind of another minor

That thousand point move from 19,000 to 20,000 was accomplished in 42 days. And, that's very fast. That's the second fastest thousand point move in the history of the Dow. Most of the traders here think you may get a little bit of a pause or a slowdown. That's happened before. They think we may see a bit of a pullback in February, . That's rather consistent with a first time president, and the pattern that follows him. I think then you can get another leg to the upside that may be multi-month and then you will have a longer correction after

Will there be a test from North Korea? Will there a be a test from Russia? You can't get too, too

It was mostly oil, but some of it was the Ford Motor Co acquiescing, and that had people worried about global trade. The transports went negative as soon as that came out. But then you got bailed out at the end because there was big market on close

I think what you're really seeing here is that Trump was, to some degree an unknown quantity. What would he do, shoot from the hip?feedback

He has high expectations and he wants it done and I think the market believes that

But the people that he's putting in or nominating for these roles are highly professional. You may not agree with what their status is, but each one is very, very capable, and that has reassured the market in many

I'm of the mind that I think the post-election rally will modify somewhat, but I don't think the correction we'll see go straight down because of all those people who want to buy the dip. You know, the market got away from me, but if I could only get a small selloff, I'll get myself back

I think it's good because this is the sign as we call them, buy the dippers. The people who said, My goodness, the rally started without me. I can't get in. I need a pullback.' And this was their first sign of a

Recall that it was the emerging markets that dragged us down after last December's hike. That will be a

If the [jobs] number is stronger than expected, people may feel, here comes Trump with some stimulus at just the time when the labor market has tightened up, and that is going to say a lot about inflation. That's why higher rates are the

Quite often when stocks re-rally into something or commodities re-rally into something like that, you do get a pullback. So, I'll be watching crude

Ll be watching what crude

It's a little too early to say, but there's an outside chance that it might be our old friends the bond vigilantes who are back, saying, OK, you're going to do tax cuts and you're going to do stimulus spending, what is that going to do to the deficit and where are we going to go from there?feedback

Incoming presidents haven't been critical of past Fed chairman. This is a little bit different

What's going to be essential here is how quickly he begins to send out signals. Who does he pick for his Cabinet? What does he want to discuss about the repatriation of the money that's offshore?feedback

That may be the beginning of maybe a little test he is going to give the new

I'd like someone that not only give me some relaxation, but [has] enough credibility that foreign powers would say, That's a pretty good

These guys baffle me. They're supposed to be data dependent and the data isn't all that good, so they're changing their mind

While it was fractional given the number of people in the workforce, that wipes out far more than the [151,000] jobs that were added as far as productivity is concerned. That's equivalent to at least a drop of 200,000

No quotes...
|< <
> >|

Quotes by Art Cashin on UBS

Quote Verifier
Check if the quote you read on social networks is authentic
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided

Quote :

Mistake :

Comments :