Art Cashin Previews The February 15 Close Encounter Of A Meteor Kind
While UBS' Art Cashin sees the 'uptrend' in stocks as largely in tact, though warns of the start of what appears to be a stalling formation, there is another 'bigger' potential crash on his mind. Having survived the Mayan apocalypse, and a Papal resignation, our home planet is due for a record setting space encounter on Friday (Feb. 15) of this week... which means it is now too late to even send Bruce Willis (or better yet, Bob Pisani) into space for an Armageddon sequel. We are told to keep calm and carry on - Bernanke-like "there is nothing to worry about", but no known asteroid has traveled this close to earth in recorded history. Let's hope the slide rule guys have it nailed - or the grand central planner.
Nothing To Worry About They Assure Us – Here's a bit on the incoming asteroid by Ken Kremer in "Universe Today":