Art Cashin Video Warning About 1987 Similarities Pulled In Favor Of Jarvis Market Commentary
In an article on cnbc.com which covers Art Cashin's observations between the "eerie" similarities of the current market and the exponential ramp in the Spring and Summer of 1987 (and we all know how that ended), the video that accompanies it and is supposed to show Art Cashin's real time ruminations was replaced with an overlay of Rebecca Jarvis discussing market headlines. Obviously, this is merely a glaring technical glitch at the GE subsidiary.
The highlights from the article (which one hopes will not be pulled):
“I’m still somewhat skeptical about this [market],” said Cashin. “I’ve
been wrong—got out too early. I took some money off the table a few
weeks ago—didn’t take it all off.”
“There’s just some eerie things about this—it’s reminiscent of spring
and summer of ‘87 when nobody believed the rally and it kept going up
despite skepticism, people shorting into it,” he said. “It ate them
alive until it suddenly turned.”
Always better to keep these things under wraps of course, and not provide some clip that could go viral in a matter of minutes.
We hope CNBC promptly rectifies this error.