Art Cashin's Comments, February 1st, 2008

On the Microsoft Yahoo deal

I think the MSFT deal is a defensive move, only a counter attack against GOOG.

On the futures giveback after th jobs data

By the end of the day, Goldilocks will throw down a few Prozacs and have a few cosmopolitans as well.

Has anything altered your short-term view?

No. The underlying technicals are still short-term weak. Though this oversold rally has lasted far longer than I thought it would. I also failed to anticipate that the MBIA conference call, with only written questions, could only provide positive headlines.