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Art Cashin - Precipice of a Broad, Dangerous Global Contagion

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Art Cashin - Precipice of a Broad, Dangerous Global Contagion

Post by Dirtbikepilot on Sat Jun 02, 2012 12:03 am

With global stock markets plunging and gold rallying, today Art Cashin told King World News that we are on the verge of a broad and dangerous
global contagion. He also said that market participants “are looking to raise cash anywhere they can.” Art also commented on the spectacular
rally in gold today. Cashin, who is Director of Floor Operations for UBS, which has $612 billion under management, also warned about, “the great
risk here.” Here is what Art Cashin had to say: “For months now we’ve been looking at Europe and seeing that on the
precipice of contagion. What looked like something that was euro-centric has now become a global concern.”


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