from King World News
Today
a 50-year market veteran, who last Thursday astonishingly predicted
that a “cascade” of panic selling would engulf the stock market, warned
King World News that this is still an extremely “nervous market.” He
also gave the exact level that will trigger the next “cascade” of panic
selling to the downside and discussed the historic action in the bond
and gold markets. Below is what Cashin, who is Director of Floor
Operations at UBS ($650 billion under management), had to say in this
timely and powerful interview.
Eric King: “Art,when I asked you last Thursday if the early signs of
selling could develop into some more serious you issued what turned out
to be an astonishingly accurate warning:
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