Cashin: 'Mountain' of Sideline Money Finally Moving
Art Cashin, director of floor operations at UBS Financial Services offered his latest market insight on CNBC and remarked that "[the] mountain of sideline money at the corporations must be moving." However, Cashin said he is still reluctant to jump into the markets. “You’ve got some real resistance here—first, we need to get the S&P over 1,105 and then above 1,115 to 1,117; so there’s a wall to be scaled here,” he said.
Posted on July 27, 2010
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