Art Cashin – “These Are Perilous Times”

10/31/2023

Art Cashin – “These Are Perilous Times”

EndTimesProphecyWatch.com

October 31, 2023

1–2 minutes

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NEWS REPORT:

Art Cashin, Head of Floor Operations at UBS: The yield on the 10-year backs clearly off its intraday high of 4.99, but that fails to give the stock Bulls the kind of latitude it traditionally does. I think that’s because as we suggested in the Late morning update, stocks have turned to internalizing taking their own pulse and temperature. So we will assume that if bonds continue to remain ok the Bulls may take one shot in the afternoon to see if they can lift equites back off these intraday lows.

So far however, stocks remain self-absorbed and there is no sense of direction building. So it is the nail bitter we feared, so hold on to your cuticles. Stay alert, watch the yields and above all stay safe, these are perilous times.

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