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Don't be alarmed about sell-off, market saw a 'buyers' boycott': Veteran trader Art Cashin

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Investors shouldn't really be 'alarmed' by the market sell-off, says veteran trader Art Cashin. 'If you're going to see the Dow down 800, you would expect you'd see somewhat of a stampede. You haven't,' he says.

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sssvenky They always say that to let their buddies who are managing funds and institutional fund managers unload their positions that they held for years to get rid of them BEFORE the retail little guys, ONLY AFTER THAT they will turn completely BEARISH after shorting the market.

Art is wrong. These large swings in the market are very demoralizing to the average investor. It is good news for traders. If it should go down another 500+ points on Thursday there will be a stampede. People are shell shocked. Don't know what to do.

My favorite thing about investors is they’re blindly optimistic until they cross some unknown threshold, at which point they’re inconsolably pessimistic. Capitalism, baby! Convince someone their house isn’t on fire until there’s nothing left to burn. Then blame the government.

True !!!!!

Wait till the Dow drops 1500-2000 points

i'd argue its worse...because it shows we're dropping with no sign of capitulation in sight....YOU WANT TO SEE THAT STAMPEDE! That's the capitulation you're looking for!

We should all be alarmed that sidekick Tarriff Boy is in charge.

Who does this chop think he's fooling. BTFD and risk it all.😎

You think? Liberal induced hysteria. Traders need to be looking at GDP numbers not potential trade war rumors. And these people are in charge of wealth management 😂😂😂

The big players like, Gates, Buffet, Soros and the Rothschild's know how to rob the market, happens every year about this time.

800 down off 25,000+ Dow is much different than that same point drop 3 years ago.

Says a tea party founder...

Nothing to see here. Please move along people. Just a typical down 800 point day.

Isn't the volatility good for boring dollar cost averaging index investors?

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