Yong-Long Lai

Art Cashin is the director of floor operations in UBS, I’ve been following him for the past 6 months and have been watching almost all of his segments on CNBC. I noticed he’s bee pretty pessimistic about the market over the past couple of months and has been very cautious about investing more of his funds into the market. Yesterday, 27th August 2009 was the first time I actually heard Art Cashin talk openly about selling down his portfolio. More specifically his holdings in financials… Art talks about taking risk off the table and always iterates that the fundamentals of the economy cannot justify the current valuation on the market (i.e. the market is currently over bought). Whether this is true, time will tell.

Hope you enjoy this particluar video from CNBC, If you want to check out all of Art Cashin’s videos and commentary then click here

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