Cashin Not Fighting the Tape

Thursday, September 17, 2009

Art Cashin on the current state of the markets:

"Well they (bulls) seem to have most of the momentum here and it continues to bewilder some of us.

Somebody reminded me late yesterday of the concept of the bumblebee. According to the laws of aerodynamics the bumblebee can't fly.

But, since the bumblebee never studied aerodynamics it flies anyway. So, according to most of the rules that I've learned to live with over several decades here this thing is ahead of itself.

But, we'll let the party continue, I'm just not going to partake of the tainted food."


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