Oppenheimer's Meredith Whitney said today on TV that the "tangible" book value for UBS is $11.00 per share. Stock closed off 3.10 at $24.66
I've been trading a Looooooooooooooong time. I respect Art Cashin who comments on CNBC. I have listened to and watched Art speak for 20+ years. He goes back to the days when CNBC didn't exist and there was fnn and I have watched him since. I see fear in his eyes and his mannerism as of late. The man looks worried to me. This is just what's coming across to me and what I am sensing and the vibe I picked up on him the last few weeks. Art is in charge of Floor Operations for UBS.
I haven't been watching lately, but saw him, maybe Friday? I must agree, I picked up on that fact. He didn't look, sound, etc, like he normally does. Frustration, fear, anxiety... not sure what it was.