Art Cashin, New York Stock Exchange Fixture for Decades, Dies at 83
Born on September 15, 1941, in New Jersey, Art Cashin was a legendary figure on the New York Stock Exchange who dedicated more than six decades to the financial markets. He passed away on January 31, 2022, leaving behind a profound legacy in the world of finance.
Cashin’s career on Wall Street began in the late 1950s when he started as a $37.50-a-week runner on the trading floor of the NYSE. Over the years, he worked his way up through the ranks, eventually becoming the Director of Floor Operations for UBS. His expertise and insights into market trends earned him a reputation as one of the most respected traders on the exchange.
Throughout his career, Cashin witnessed and navigated through some of the most turbulent times in the financial markets. From the stock market crash of 1987 to the dot-com bubble of the late 1990s, he remained a steady and calming presence during times of uncertainty. His ability to provide context and analysis during market fluctuations made him a trusted advisor to investors and colleagues alike.
Cashin was not only known for his market acumen but also for his wit and humor. His daily newsletter, Cashin’s Comments, was a must-read for traders and investors looking for insights into the day’s market developments. Through his writing, Cashin was able to combine his deep knowledge of finance with a unique storytelling style that captured the attention of readers around the world.
Beyond his work on the trading floor, Cashin was also a fixture on financial news networks, where he provided commentary on market movements and economic trends. His appearances on CNBC and other media outlets solidified his status as a respected voice in the financial community.
Art Cashin’s impact on the New York Stock Exchange and the broader financial world cannot be understated. His dedication, wisdom, and unwavering commitment to his craft made him a true legend in the world of finance. While his presence on the trading floor will be greatly missed, his legacy will continue to inspire and guide future generations of traders and investors for years to come.
