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The market's win streak is no fluke: A Wall Street bull sees record gains ahead

The market's win streak is no fluke: A Wall Street bull sees record gains ahead

Finance
The market's win streak may be just beginning. Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year. He's partly building his bull case based on a chart pointing to negative market sentiment. "At the end of last year the bull-bear ratio, which is something we watch from Investors Intelligence, fell below one," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "It's got an awfully good track record as a...
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...