Arthur Cashin
Arthur Cashin
begun comments economy event fed general major perk saying seem signs slowing various week
There's still general nervousness around. The major event of the week has been comments from various Fed heads, and they seem to be saying not only that the economy has not begun to perk up but that there are still some signs that it is slowing down.
number
I think that's the big number for (Friday).
discovered dropped excess inventory levels liked meant month second
They discovered that inventory levels had dropped precipitously for the second month in a row. That meant we were working out of this excess inventory and they liked that enough.
bin clicking difficult head home maybe middle people rather week weekend
It's been a rather difficult week and people want to head home for the weekend and find out what is the disposition of Mr. Bin Laden, if at all, and maybe see how things are clicking in the Middle East.
almost bottom close might occur possible rally reasonably
We're getting reasonably close to where a bottom might occur. It's almost possible to sense a rally might occur this week.
market past positively reacting sign six spring waiting
What the market would like to see is some sign of bottoming and that the market is reacting positively to the past six cuts. The market is heavily oversold and we have a real coiled spring here just waiting for a release.