iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,985 Blog Posts

Art Cashin Lays Out Risks in Current Market

We’re likely to trade rangebound until 3:30, at which point the market will either spring higher or fall to pieces.

Art lays out three primary risks to this tape.

1. Political uncertainty
2. Credit market worries, highlighted by the fact that JNK is down 7 days in a row
3. Trump’s tax cut bill is dead

Add these things on top of an already frothy tape, beset by amateur speculators and weak hands, and there is a significant risk here for further downside.

If you enjoy the content at iBankCoin, please follow us on Twitter

5 comments

  1. paradox

    The biggest thing that has me on the fence about holding any size in long vol right is that we’re so close to front month vix expiration and then right after options expiration. Market will do what it does, but typically vol gets a beat down into expiration. At the very least something I’ll be leaving room for as an expectation. Flat right now, sold the gap up.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. sarcrilege

    Great and foresighted call:
    We’re likely to trade rangebound until 3:30, at which point the market will either spring higher or fall to pieces.

    The rigged market will trade up unless it trades down. duh.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. the dude

    Indeud. The gimlet eyed one says whats what.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

Leave a Reply