"2015 Was Like Commuting By Rollercoaster" - Art Cashin Reviews The 2015 Market And Shares His 2016 Outlook
When it comes to the modern market, experienced, carbon-based traders such as UBS floor director Art Cashin (who have traded through not just one rate-hike cycle but several) seem like an anacrhonism from a bygone era: after all, we live in a day and age when "traders" are nanosecond collocated servers located in ultracooled New Jersey warehouses, where the only thing that matters is responding to flashing red headlines in the fastest way possible without much thought for what the underlying data actually means.