Saturday, May 29, 2010

Art Cashinisms

One of the few voices always worth listening to on "CNBS" (as I prefer to call it) is the exceedingly sage call-it-as-you-see-it Mr. Art Cashin, Floor Director for UBS at the NYSE.  An authentic character in an age of talking heads and silicone boobs, he is interviewed daily usually just before or just after the market opens at 9:30 am EDT.  Art has been around the stock market a long time and is worth listening to (the green bowler hat, bow tie and Irish whiskey-laced coffee on St. Paddy's Day notwithstanding).  Some recent Cashinisms:
"It's not where the market opens that matters, but where it closes."
"If he (Greece) can still get his allowance without cleaning up his room, why do I have to?"
"Even a broken clock is right twice a day."
"The Compaq deal so far looks like it's been relegated to the Compaqtor."
"The market remains psychotic.  It can't get a trend that lasts more than a day."
And most importantly, after 43 years on Wall Street, he's usually right in his market prognostications.  Keep it up, Art!