Does Art Cashin Have a Crystal Ball?

June 1, 2012 9:15 AM EDT
Art Cashin, UBS floor trader and grizzled market veteran, warned the markets yesterday on CNBC that the jobs data could come in well below expectation, and he was spot-on, as the data came in at 69k vs. 150k expected. Markets are getting hammered following the data release.

Earlier this month, Cashin warned investors that the crisis in the EU could flare up, just days before bank runs were reported in Spain and Greece.

His predictions have been uncanny, and it's got traders wondering where Art is hiding his crystal ball.

Pay attention next time the man talks. He could give you a glimpse into the future.


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