Thursday, August 18News That Matters
Shadow

Tag: Cashin

Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New Year

Finance
Source: NYSE photoArt Cashin couldn't lead the New York Stock Exchange in the singing of "Wait til the Sun Shines Nellie" this year, but he penned this poem for UBS and its clients and is sharing it with us here. Happy New Year, Art. Look forward to seeing you on the floor in 2021.Zoom In IconArrows pointing outwardsZoom In IconArrows pointing outwardsSubscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.Let's block ads! (Why?) Finance
The stock market's 'split personality' could set off a correction at any moment, Art Cashin warns

The stock market's 'split personality' could set off a correction at any moment, Art Cashin warns

Finance
Investors may want to take cover soon.Art Cashin, UBS' director of floor operations at the New York Stock Exchange, says a "split personality" is manifesting itself in the stock market, and it could hit Wall Street where it hurts at any moment."We've been setting record new highs, and often the breadth has been negative. We've had more declines than advances," Cashin said Thursday on CNBC's "Futures Now.""We're starting to get more new lows than new highs; 30 percent of the stocks in the S&P [500] are down for the year. Those are very unusual combinations with new record highs."The divergences aren't the only factor creating concerns for Cashin, who's been a fixture at the New York Stock Exchange since 1964."I'm troubled by the market internals, and I'm very cautious about what is goin...