Arthur Cashin
Arthur Cashin
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.
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.
number
I think that's the big number for (Friday).
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.