Cashin said stocks still look good when compared to low interest rates for fixed income investments. "You get no yield anywhere. If you're going to put money to work, where else? And that's what we're seeing."If the Fed ever does raise interest rates into the 4-5% range, imagine what will happen to stock values. Can you say, "plummet?" No wonder equity traders study Fed pronouncement nuances.
Thursday, August 21, 2014
Expert Opinion
On the CNBC website, semi-legendary stock guru for UBS, Art Cashin, attributes the stock market "strength" to the Fed's ultra-low interest rates.
