Art Cashin warns of possible change of sentiment

This video was posted on Friday, August 21st, 2009 and filed under Headlines, US News.

Expirations Friday and the beginning of Ramadan are some topics Art Cashin mentioned Friday morning as he discussed the possible change in sentiment. A weak US Dollar and a free fall in stocks could be a bad situation for the stock market. Mortgage defaults soared over 13% which is the nation’s highest ever. Oil hit a 1 year high Friday as it hit $74 a barrel. Yesterday Art Cashin stated that the next 6-8 weeks were very critical and that we might be pressing the middle of a W pattern.

Posted by admin on Aug 21st, 2009 and filed under Headlines, US News. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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