Art Cashin On CNBC, October 6, 2008

Note: Art was wearing a vintage Dow 10,000 hat... below is a paraphrase of his brief comments this morning.

Worried about what's going on in Europe, and it may spiral out of control.

Some concern in the market, did we wait too long?

Maybe we get a good capitulation sell off today, then a little continuation tomorrow morning and then a sharp reversal. That would be one right out of the trader's handbook.