On the Edge: the sad story of art cashin, with link
#1
Posted 23 May 2009 - 05:58 AM
i have been a big fan of art cashin for years, so it is especially sad to see him being driven to the edge of madness by this powerful bull market. bearish since the way-down-there bottom, he has been giving code words for plunge or crash most of the way up. the latest is "critical mass sell-off"; the link is below:
http://www.cnbc.com/id/30887156
these alarmist and extremest hints and comments are not the art cashin i have watched for decades. art actually quoted from the floor some of my comments at the old avid chat, where he lurked as did the whole CNBC crew, so that adds an additional level of sadness.
humble1 to art: "you are smarter than this! snap out of it!"
#2
Posted 23 May 2009 - 07:30 AM
#3
Posted 23 May 2009 - 08:19 AM
#4
Posted 23 May 2009 - 08:27 AM
Art cashin, a nice bloke Im sure, but quite frankly doesnt make the mark JMHO.the next phase of this bull market is about to start any day now. as a "study in sentiment" i have been closely observing developments in the bear camp.
i have been a big fan of art cashin for years, so it is especially sad to see him being driven to the edge of madness by this powerful bull market. bearish since the way-down-there bottom, he has been giving code words for plunge or crash most of the way up. the latest is "critical mass sell-off"; the link is below:
http://www.cnbc.com/id/30887156
these alarmist and extremest hints and comments are not the art cashin i have watched for decades. art actually quoted from the floor some of my comments at the old avid chat, where he lurked as did the whole CNBC crew, so that adds an additional level of sadness.
humble1 to art: "you are smarter than this! snap out of it!"
The future is 90% present and 10% vision.
#5
Posted 23 May 2009 - 08:45 AM
but you HAVE been reading them?
Such a good point.
Good luck with your book, but you are going to be wrong with your date. The low will be in 2009.
#6
Posted 23 May 2009 - 09:27 AM
#7
Posted 23 May 2009 - 09:45 AM
btw, i am totally sincere that i believe we could well be in the midst of what has been the case throughout history of madness driven by markets. here's a book on popular delusions and the madness of crowds, with market examples. i believe we are seeing that now on the bearish side. there is NO RATIONAL REASON to be a crash, doomsday bear in today's enironment. we will know "in the fullness of time."
here's the book:
http://en.wikipedia....dness_of_Crowds
#8
Posted 23 May 2009 - 09:51 AM
all:
btw, i am totally sincere that i believe we could well be in the midst of what has been the case throughout history of madness driven by markets. here's a book on popular delusions and the madness of crowds, with market examples. i believe we are seeing that now on the bearish side. there is NO RATIONAL REASON to be a crash, doomsday bear in today's enironment. we will know "in the fullness of time."
here's the book:
http://en.wikipedia....dness_of_Crowds
I agree. We could have a technically driven market rally, as a result of the dollar collapse. But it can also collapse as a result of a "loss of faith in the currency". This sort of thing is playing a lot on my mind at the moment.
The future is 90% present and 10% vision.