Art Cashin, head of floor operations at UBS, has the latest buzz from the NYSE.
Thurs. Oct. 15 2009 | 8:50 AM[04:08]
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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October 15th, 2009 at 11:50 am
I wonder if Art ever gets tired of being right all the time. I know he has been hurting sitting on the sidelines but I doubt taking short positions and he is probably still making money.
He just seems to nail everything, from the Obama speech to the hats (love the reference to the hats).
He has to be the best thing on CNBC. Maybe I’m wrong but it’s just refreshing to watch him.
October 15th, 2009 at 7:49 pm
I relished his intraday comments on the squak when I was at PaineWebber. He and Jeffrey Weiss were really voices I truly valued hearing.
Art is a great asset to CNBC. He’s one of the few commentators that doesn’t get “Brady Bunched” with five other “experts”. He must have some agreement with them…
October 16th, 2009 at 5:28 pm
Its no coincidence that i post his comments here EVERY day
I agree — Art Cashin is the best thing on CNBC –