One or Two Days Does Not a Market Make

We’ve had a couple of up days in the market recently. But think about it. Why was the market down for 12 out of 13 days? It was fear over what was happening in Europe. Has anything changed in Europe in the last few days? No. So our bearish trend is likely to continue. I believe that volatility is here to stay for awhile

Here is what Art Cashin had to say about what he is calling a “reflex rally”:

http://video.cnbc.com/gallery/?video=3000091669&play=1

By Carl Anderson