Wall Street Manna

An irreverent look at Wall Street

Wednesday, June 24, 2009

Cashin' In!

Look at the latest Kiplinger's magazine, touting the recovery. "Cash in on the Recovery!" But does anyone want to hear it? The magazine is 75% off.

Now compare that to Art Cashin, on CNBC, one of the most respected traders with a pulse on the market. He is rather dour, and still sees downside.

No one is discounting what he says by 75%.

Which means, that this time, Art is probably on the wrong side of the trade.


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