Tuesday, February 12, 2008

Art Cashin's Comments

I only caught the end, but here's a brief paraphrase:

On testing the lows of January:

I believe a retest of the lows is still in order. It would be better for the market as it would give people more courage to really buy in here.

On Buffet buying the muni bond portfolio of MBIA:

It's reminiscent of JP Morgan during the Panic of 1907. If it works out, it's a great deal for him.

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