Despite UBS trading floor head Art Cashin’s recent grim remarks about the mood among traders, he was back on CNBC with positive news this afternoon, stating that the recent weakness in equities has led to a multi-day rally. “We survived the weekend, Greece didn’t implode�it is a new month so pension funds and others preload a little money in and get started early in the month,” commented Cashin. But, and it’s a big cautionary, “so far, it only looks like a reflex rally.”
The Dow today is up 96 points at 10,163 while the S&P 500 is 12 points at 1,086.
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