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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