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Sidelines Market Commentary From Art Cashin

Tyler Durden's picture




 

"We'll let the party continue, I am just not going to partake of the tainted food"

 

 

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Wed, 09/16/2009 - 15:39 | 71476 Chippewa Partners
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Genius or past his prime?  I smell something .......

Thu, 09/17/2009 - 13:04 | 72473 Blunt
Blunt's picture

Straight shooter. 

Wed, 09/16/2009 - 15:41 | 71478 mule65
mule65's picture

Art, Skip the appetizers, stick with bottled beer, and hang out near an exit in case of raid.

Wed, 09/16/2009 - 15:44 | 71480 lizzy36
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oven mitt

 

Wed, 09/16/2009 - 16:10 | 71518 Anonymous
Anonymous's picture

Probably just a witching hour anomaly. Volume was heavier today than recent up day trends.

Wed, 09/16/2009 - 15:58 | 71500 Anonymous
Anonymous's picture

LOL, "if China wants to send a message to the US it can just sit out one of the Treasury-bill auctions... or two"

EPIC!

Should be quoted in history books going forward 100 yrs.

Wed, 09/16/2009 - 16:52 | 71573 Anonymous
Anonymous's picture

Yes, very witty.

Wed, 09/16/2009 - 16:52 | 71576 Anonymous
Anonymous's picture

Yes, very witty.

Wed, 09/16/2009 - 15:59 | 71503 tradertim
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art said..."the laws of aerodynamics say that a bumble bee can't fly.."

be free bumble bee!! fly away!!

dontcha luv the smell of bubbles in the morning?

Wed, 09/16/2009 - 16:06 | 71511 johngaltfla
johngaltfla's picture

Interesting that the 30 day yield is now 0.00% again and probably heading negative along with the 90 day hitting 0.06% also. Gee, I wonder if the money market explicit guarantee expiring on Friday is going to create another "interesting" end of week.....coinciding with Op-Ex; this won't be a dull Friday.

Wed, 09/16/2009 - 16:10 | 71520 Anonymous
Anonymous's picture

i know he is a "floor director" of ubs and all that but what weight his word really carries? Does UBS stay out of this rally? If UBS buys and he comes and blows smoke about various holidays it is just nonsense.

Wed, 09/16/2009 - 18:12 | 71677 mdtrader
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Art has almost 50 years experience, that's something money can't buy, and certainly something I would have a lot of respect for.

Wed, 09/16/2009 - 18:14 | 71681 lizzy36
lizzy36's picture

i concur.

very well said!

Wed, 09/16/2009 - 18:16 | 71686 Howard_Beale
Howard_Beale's picture

Cashin has consistently been a voice of reason and gets less and less airtime as a result.

Wed, 09/16/2009 - 22:49 | 71946 Anonymous
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i thought investing is ALL about money. Respect? what is that?

Thu, 09/17/2009 - 02:30 | 72066 mdtrader
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Something you need to learn.

Wed, 09/16/2009 - 16:10 | 71521 Anonymous
Anonymous's picture

This is past the point of analysis and past the point of protest. This is a feeding frenzy.

Wed, 09/16/2009 - 21:00 | 71849 mule65
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I beg to differ -- this has been a pretty steady climb.  Feeding frenzy will be panic buying with +200-400 on DOW with some VIX and volume.  Haven't seen any of that yet.

Wed, 09/16/2009 - 16:26 | 71528 D.O.D.
D.O.D.'s picture

Fascinating...Phantom pain, so this would be phantom euphoria...interesting, a zombie market with phantom euphoria running around indiscriminately slaying teenage bears and devouring the dollar...

There's a movie script in there somewhere... now if we only had a hero and an ingenue...

edit: Can't forget the mad scientist Bull Shalome Shitzzle, this zombie market is his creation, and it will live again.....muhahahahaha

Wed, 09/16/2009 - 16:32 | 71538 Gilgamesh
Gilgamesh's picture

Still waiting to see if Marla can pull off an R0 night of 

"The Zombie Dance Party Rocks On" sponsored by Chris Whalen.

(note: I have made no attempt to actually contact either)

http://us1.institutionalriskanalytics.com/pub/IRAStory.asp?tag=378

Wed, 09/16/2009 - 16:23 | 71530 economicmorphine
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It's like getting stock advice from grandpaw

Wed, 09/16/2009 - 16:25 | 71532 Anonymous
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The bumblebee doesn't violate the laws of physics - it's wings oscillate like a helicopter rather than calculating lift based on a fixed structure (like an airplane). The funny part is that bees wings flap 200 times a second and their nervous system fires 1/10 of that speed.

Wed, 09/16/2009 - 16:27 | 71534 ptoemmes
ptoemmes's picture

Uncle Artie seems genuinley flummoxed.

Maybe he nibbled on the tainted food and has indigestion.

Pete

Wed, 09/16/2009 - 16:41 | 71544 Anonymous
Anonymous's picture

I like Art. If CNBC has a straight shooter, it's Art.

Wed, 09/16/2009 - 17:00 | 71590 bonddude
bonddude's picture

Carry trade, f@kin' A it's a carry trade...since rates have been at zero and protected "bank holding companies" have rammed that cash into equities it's been beanstalk city.

 

Wed, 09/16/2009 - 17:51 | 71653 Anonymous
Anonymous's picture

If Art "CASHIN" had been a bank ceo, the press would've turned on him big style!

Wed, 09/16/2009 - 18:03 | 71665 Anonymous
Anonymous's picture

This market is making me ill.

Wed, 09/16/2009 - 18:05 | 71668 Careless Whisper
Careless Whisper's picture

...the market is like when it's not there but you can still feel it... phantom limb pain, yeah that's it.

Wed, 09/16/2009 - 18:37 | 71715 logistics (not verified)
logistics's picture

Call the 75 pro-wall street Senators, and tell them you'll contribute money to their opponents in their next election unless they co-sponsor the bill to audit the Fed.

Wed, 09/16/2009 - 18:46 | 71731 Screwball
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Art's wit, and Santelli's rants, are the only good thing about Squawk Box.

They are green shoots poking out of the cesspool of bullshit known as CNBC.

Wed, 09/16/2009 - 20:33 | 71825 There ya go again.
There ya go again.'s picture

Every bubble needs a name.

I'd like to propose  "Benny's Boil " . 

Watch her grow, and the she'll pop.

Wed, 09/16/2009 - 21:28 | 71868 Ned Zeppelin
Ned Zeppelin's picture

I like the line about having to go by the fundamentals "...when you don't get tomorrow's newspaper a day early. " Art, you mean like The Squid? 

I think Art took a shot at somebody there.

 

Thu, 09/17/2009 - 08:20 | 72146 Anonymous
Anonymous's picture

we caught that too Ned.

Thu, 09/17/2009 - 02:54 | 72079 Grand Supercycle
Grand Supercycle's picture

DOW / SP500 / FTSE weekly trend continues to show strength.

Daily chart still overbought.

The weekly trend will always have more influence than smaller time frames such as the daily chart.

But are copper and bonds giving us a warning ?

http://www.zerohedge.com/forum/market-outlook

Thu, 09/17/2009 - 10:13 | 72264 NumisEX
NumisEX's picture

Love old-timers like Art. They can really see the big picture since they've seen it all. I'll take a little devil's water any day over tainted food.

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