With half a century in the market, whose wisdom better to draw upon than Art Cashin, Director of Floor Operations at UBS.
Lastly what Christmas holiday would be complete without Art's annual poem courtesy of BusinessInsider:
'Tis two days before Christmas
and at each brokerage house
The only thing stirring
was the click of a mouse
Down on the Exchange
the tape inches along
Brokers bargained and traded
as they hummed an old song
The Fed says they're "patient"
but some folks still fear
That rates they'll start hiking
too early next year
Frisco took the series
and Seattle the Bowl
But Tiger still struggles
to get the ball in the hole
Ellen D. took a group selfie
at the Oscar awards
The darn thing got retweeted
till it pulled down some boards
Putin scooped up Crimea
and some parts of Ukraine
But an oil plunge and sanctions
are causing him pain
In Europe a song contest
was won by a nun
And the song that she sang was -
Girls just want to have fun
In Portland a kid offered
a hug
