The Real Reason for Friday’s Stock Shock – Cashin’s 3-Prongs Missed the Mark (Part I)

As I listened to Art Cashin’s reasons for why stocks were set to open lower this past Friday I paused for a moment. Whenever I hear anyone, even the beloved Cashin, give multiple reasons for an acute movement in stocks, I grow skeptical. For me, the listing of many varied reasons for something is a sign that the person speaking may not understand the true catalyst. I listen closely when Cashin speaks, which is quite different than the attention I give most TV personalities. However, the real reason for Friday’s stock shock was not any of the three reasons Art listed. All three were ancillary to U.S. equity trading and not important enough to create such a significant downdraft. See my full report here.

Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), Vanguard Total Market (NYSE: VTI), iPath S&P VIX (NYSE: VXX). Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.