Art Cashin is out with his final note of the week and he has two key things on his mind: a grimm stat and a scary anniversary.
From his Cashin’s Comments:
Domestic Terrorism - George Friedman at Stratfor touches on a possible re-emergence of domestic terrorism. Here’s how the essay began:
Five men were arrested April 30 in connection with a plot to destroy a bridge outside of Cleveland, Ohio. The men were charged with conspiracy and attempted use of explosive material to damage physical property affecting interstate commerce. The suspects are anarchists who were noticed and approached by an FBI informant during an Occupy protest in Cleveland on Oct. 21, 2011.
Meanwhile, during the May Day demonstration in Seattle on May 1, a group of anarchists banded together to form what is known as a black bloc. Using the broader demonstration as cover, they caused extensive damage to retail businesses in downtown Seattle, including the iconic Niketown store. Anarchist violence in the United States is cyclical. These incidents indicate that radical anarchists may again be gaining momentum.
This bears watching.
May 6th - We didn’t get Arch Crawford early enough for him to run a full analysis of the weekend. Arch did remind of a spotty seasonal pattern. The Flash Crash came on May 6th after all. Be cautious.