Wednesday, May 20, 2009

The Market's Next S&P Targets

By: CNBC.com














Stocks continue to gently whipsaw Wednesday, but the Vix volatility/fear index is still subsiding.

Art Cashin, UBS Financial Services director of floor operations, offered CNBC his stock-market insights.

In a sports metaphor, Cashin agreed that the bulls have stolen the ball back from the bears. "But now we have to see if they can score with it."

"What you're going to test for is...yesterday's highs, followed by a real resistance." (more)

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