Stocks have hit a rough patch. Since the April 2 high of 1,419, the S&P 500 is down 8 per cent.
But today might be an inflection point writes Art Cashin, UBS Financial Services’ floor guy. He points to an IPO you may have heard about.
From today’s Cashin’s Comments:
“G8 meeting over the weekend may worry Eurozone shorts. Facebook frenzy may lift animal spirits. May be bulls best shot for a bounce. Nevertheless, stay alert and very nimble.”