29 Jan

What happened at the POST FOMC meeting – 28th Jan 2015

Art Cashin gave a explanation of what happened post FOMC last night. Stock Market Plays Vertical Pong Until FOMC Drops A Safe On It – Buoyed by Apple’s stunning world record corporate revenues, stocks roared out of the box on the opening bell.  Then, instantly, stocks began to diverge. The Nasdaq eased back from the […]

28 Jan

Art Cashin – 28 January 2015

The Perfect Storm Shows Up Indoors On Wall Street – As traders monitored the expected Blizzard named Juno, the above noted concerns stormed into Wall Street. The Dow opened down over 250 points as trapdoors opened under a score of blue chips.  Meanwhile, yields on treasuries plummeted on the stunning drop in Durable Goods and […]

27 Jan

Art Cashin comment 27th January 2015

Art Cashin is sort of my hero on CNBC. I got his comment for today: On this day in 1955, the police were called to the five story, Fifth Avenue, mansion of Serge Rubenstein. There they found the corpse of the controversial 46 year-old “Financier.” He had been strangled with a curtain cord.  Rubenstein embodied […]