Art Cashin Shares His 2021 Outlook, Sees Stocks as a Bit Rich
Art, before we get to the new year, let's do a quick look back at 2020. What stood out for you? The amazing 30% move down in March, and the quick recovery? Is the Fed the hero here or is it just the resilience of the U.S. economy? A: What I think it was is, this was the first and only self-induced recession. The government shutdowns and all of the restrictions that happened around the country. It was the government that basically imposed the fact that we were going through a recession. Other recessions are caused by displacement in interest rates and things like that, so since this was don...
Source: nbcnewyork.com