Morning Musings From Art Cashin

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Wed, 06/16/2010 - 09:27 | 416857 Oh regional Indian
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Frustrated at the lack of action in New Orleans? Want to be pro-active in helping in what is coming to the GOM?

Come, we can do something together…

http://aadivaahan.wordpress.com/prare/

Wed, 06/16/2010 - 09:40 | 416875 The Franchise
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I love the bull and bear commentary... along with CNBC's article that technical trading is now ruling over fundamentals. As if either matter in this make believe market. Technical trading is so good at explaining what just happened and seems to work, until it doesn't. But don't worry, we have 4,000 patterns and definitions to explain why the forecast was wrong. Fundamentals have been suspended until further notice. But come along, invest for the long term and reap those 10% annualized returns..... plenty of room in the pool.

Wed, 06/16/2010 - 09:57 | 416901 Illya Kuryakin
Illya Kuryakin's picture

I thought machines were doing all the trading now.

Wed, 06/16/2010 - 09:41 | 416877 Implicit simplicit
Implicit simplicit's picture

Are the answers given here at some point regarding US currency questions?

Wed, 06/16/2010 - 10:32 | 416952 sandflea
sandflea's picture

McKinley's on the $500, Salmon P. Chase is on the $10K, and Woody Wilson is on the $100K.

Wed, 06/16/2010 - 09:44 | 416879 theprofromdover
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"...also he was easily bored, particularly by a revolution that was slow in starting..."

Coo, it's like reading about meeself.

Wed, 06/16/2010 - 09:47 | 416884 firstdivision
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I love all the bad economic data that came out this morning and the market starts marching up.  Fundamentals mean about as much as what I flushed this morning. 

Wed, 06/16/2010 - 09:58 | 416906 papaswamp
papaswamp's picture

I think it is interesting we are hearing from a diverse group of manufacturers (this am FedEx, Nokia and Volkwagen) all saying the second half of the year isn't looking so peachy...is this it...we have hit the 'peak' and will dribble along until Sept and then a heavy down trend?

Wed, 06/16/2010 - 10:02 | 416912 tradergod
tradergod's picture

Goldman just gave a great entry into my new monthly bet against priceline (upgraded from neutral to buy after they likely bot a million shares).  Limit to buy some OTM puts once it hits 200.

 

Theory is the oil disaster is bad for travel.  Who the hell uses that site besides Shatner?

 

http://www.google.com/finance?client=ob&q=NASDAQ:PCLN

Wed, 06/16/2010 - 10:35 | 416959 firstdivision
firstdivision's picture

Leo, oh Leo.  Where art thou great and knowledgable Leo.  I am lost in a fog of confusion, oh great Leo.  Thou stated a great rally was upon us, so I bought Chinese solars and now my anus hurts. 

 

Say bye bye to that 200DMA again. 

Wed, 06/16/2010 - 13:52 | 417423 BlackBeard
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Ring of Fire.....

Wed, 06/16/2010 - 10:36 | 416963 Debtless
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$500 W. McKinley

Largest note $100,000 - W. Wilson himself.

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