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Art Cashin: Stimulus Package Was a 'Hoax'
cnbc.com ^ | 7/9/09 | moose2004

Posted on 07/09/2009 9:49:24 AM PDT by moose2004

The Dow, S&P and Nasdaq each gained Wednesday, led by commodity stocks; Alcoa is poised to report earnings after the bell. Oil fell on economic fears as some called for controls on speculation-driven prices.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; porkulus; stimulus
From one of the best and most respected floor traders in the business.
1 posted on 07/09/2009 9:49:24 AM PDT by moose2004
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To: moose2004

http://www.freerepublic.com/focus/f-news/2288484/posts


2 posted on 07/09/2009 9:50:53 AM PDT by FromLori (FromLori)
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To: moose2004
You are kidding, right? He's just one more of CNBC’s Cheerleaders. I've NEVER heard a straightforward, useful comment out of his mouth. He's an anachronistic joke IMO.
3 posted on 07/09/2009 9:54:08 AM PDT by TCats
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To: moose2004

I love Art Cashin. He is as old as the hills but he usually has some good quips and knows his stuff.


4 posted on 07/09/2009 9:54:46 AM PDT by Frantzie (Remember when Bush was President and Americans had jobs (and ammo)?)
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To: TCats

I could not disagree more.


5 posted on 07/09/2009 9:57:42 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GM)
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To: FromLori

Didn’t see your post, sorry about that.


6 posted on 07/09/2009 9:58:10 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GM)
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To: Frantzie

He will be quickly neutered just Rick Santelli. CNBC was told to go easy on Odumbo. That goofball on primetime with the glasses is twisting himself in knots to say the recession is over. LOL yeah sure.


7 posted on 07/09/2009 9:58:57 AM PDT by lone star annie
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To: moose2004

That’s your right. Go ahead and follow his ‘Advice’ - That is if you can dechipher any from his ramblings.


8 posted on 07/09/2009 9:59:20 AM PDT by TCats
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To: moose2004

Cashin has always been straight forward and isn’t shy to say what’s on his mind. I don’t believe he ever crowed about Obama. He gets paid by UBS. Is he on the CNBC payroll??


9 posted on 07/09/2009 10:09:55 AM PDT by kenmcg (THE)
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To: TCats

It’s well known that most analysts and experts have a hard time beating an index.

As for the stimulus package being a hoax, we all could have told you that, and did a long time ago.


10 posted on 07/09/2009 10:10:39 AM PDT by swain_forkbeard (Rationality may not be sufficient, but it is necessary.)
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To: moose2004

Considering he’s not constitutionally qualified to be POTUS, I’d say the whole hussein administration is a hoax.


11 posted on 07/09/2009 10:11:11 AM PDT by Sig Sauer P220 (Forget going Galt. Its time to go Braveheart.)
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To: moose2004

(Stimulus Package WAS a ‘Hoax’)

Correction: Stimulus Package IS a ‘Hoax’.


12 posted on 07/09/2009 10:15:34 AM PDT by RetSignman (DEMSM: "If you tell a big enough lie, frequently enough, it becomes the truth")
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To: kenmcg

I respect Art, I always listen to what he has to say


13 posted on 07/09/2009 10:16:30 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GM)
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To: TCats

I don’t think so. Art along with Rick and Haines are the only straight talkers.


14 posted on 07/09/2009 10:17:11 AM PDT by Orange1998
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To: Orange1998

Mark Haines laughed at Peter Schiff 2 years ago. He’s a tool.


15 posted on 07/09/2009 10:40:04 AM PDT by kingpins10
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To: moose2004; FromLori; TCats; Frantzie; lone star annie; kenmcg; swain_forkbeard; Orange1998
From Cashin's Comments (printed each trading day here at the NYSE) on Wednesday, July 8:

Who Could Have Guessed the First Stimulus Package Wouldn't Work? Almost Everybody!

One of the good things about putting pen to paper every day is that your thoughts (and the thought of others) are in hard copy. Not only are you denied deniability, you have a record of what the thinking was at a specific moment, unclouded by the conveniently malleable mists of memory.

Tuesday morning on CNBC's Squakbox, Carl Quintanilla asked me what I thought of a possible "second" stimulus package. I replied that the purported "first" stimulus package had been either a delusion or an intellectual fraud.

Cashin then referenced his original comments titled, The Non-Stimulating Stimulus Package.

Art Cashin is astute, consistent and funny.

16 posted on 07/09/2009 10:46:40 AM PDT by shoptalk (Defend principles, not personalities. Personalities will always break your heart.)
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