Submitted by Tyler Durden on 12/13/2011 09:35 -0500
It is always amsuing to listen to market narratives, however goal seeked they may be, when presented by market veterans such as Art Cashin, who in this case deconstructs the violent clash between reality and post-summit hype as represented by yesterday's amusing market action.
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Having been down nearly 245 points at the lows, they closed off 163 on 758 million shares. There was also evidence of program trading since the Dow and Nasdaq each closed down exactly 1.3%. The S&P was close at 1.5%.
http://www.zerohedge.com/news/art-cashin-clash-market-reality-post-summit-hoype?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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