Friday, September 12, 2008

Art Cashin on CNBC

I just caught the tail end of his comments...

Traders aren't just looking at the financial companies now, but they're looking at any company run by a CEO that can even spell "finance." Even GE.

Everybody believes "there must be a LEH deal" this weekend.

Problem with AIG in addition to all the rumors, are all the storms going around. They could have a lot of claims, which will adversely effect earnings.

It's gonna be a weekend to watch, and we're going to see what happens Monday, Tuesday and listen to what the FOMC says.

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