Cashin – “The Shorts Began To Panic”

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Screenshot 2018-07-27 06.50.21

Screenshot 2018-07-27 06.50.21With stocks surging and the US dollar rebounding, one of the legends in the business said, “The shorts began to panic.”

A Short Panic
Here is a portion of today’s note from legend Art Cashin:  The stock market painted a beautiful picture yesterday but that wasn’t truly evident until the final thirty minutes in trading.

Apparent Tariff Truce Spooks The Shorts – Stocks began the Wednesday session in a rather shaky fashion. 

The Dow weighed heaviest in the early trading and that was due to two specific components.

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