Return of D Bear

12:38 / Upplagd av Webmaster /

Art Cashin som är en tung market maker på NYSE golvet uttalade sig för en timme sedan om en eventuell sättning i marknaden. Han ser tydligen indikationer på ett snabbt ras innan denna vecka är slut !

Art Cashin: 'Very, Very Sharp' Pullback by Friday?

Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on Wednesday's market.

What about swine flu? "The market's adopting a 'wait and see' reaction," Cashin said.

"On Monday, we had a quick initial reaction" to the flu outbreak, which hurt industries including shipping, travel/leisure and airlines. "Then drug stocks shot up."

But both of those trading trends "got tempered" and seem to be levelling off Wednesday, as financials make steady gains.

However, he reiterated his correction warning of last week: Some indicators hint of a "very, very sharp pullback between now and the end of this week," Cashin said.

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