Cashin says the recent stock rally is almost entirely based on speculators, gamblers and low quality names. He certainly has a bearish tilt here. Cashin hasn’t survived on the NYSE floor for 30 years plus because he’s a bad trader….For more on the quality of the rally please see here and here.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.