New York – Art Cashin, a legendary figure in the financial world and a fixture on the New York Stock Exchange (NYSE) for decades, has passed away at the age of 83. Cashin’s insights and market knowledge made him a respected voice on Wall Street.
Early Life and Career
Born in 1939, Cashin grew up in the Bronx and worked as a floor trader on the NYSE starting in the 1960s. He quickly rose through the ranks, becoming a member of the exchange’s board of directors in 1983 and serving as its chairman from 1985 to 1986. During his time on the board, Cashin oversaw significant changes in the exchange’s operations, including the introduction of electronic trading.
Cashin’s reputation as a market expert was cemented through his appearances on CNBC’s Squawk on the Street, where he provided daily market commentary for over 25 years. His signature phrase, “Keep the tape moving!”, became synonymous with his optimistic view of the market. Cashin also wrote a popular column for the New York Post and penned several books on investing and market trends.
Cashin’s insights were highly valued by investors and analysts alike. He had a knack for explaining complex financial concepts in a clear and concise manner, making him accessible to a wide audience. His ability to identify long-term trends and provide valuable market perspectives made him a highly sought-after source of information.
Legacy and Impact
Art Cashin’s influence on the financial industry extended beyond his role on the NYSE and CNBC. He was a staunch advocate for market transparency and investor education. He also played a key role in promoting diversity and inclusion on Wall Street.
Cashin believed that financial literacy was essential for empowering investors and promoting a healthy financial system. He was a vocal supporter of financial literacy programs and initiatives that aimed to improve the financial knowledge and skills of individuals and communities. Through his writing and public speaking, Cashin helped countless people understand the markets and make informed financial decisions.
Cashin was a strong advocate for diversity and inclusion in the financial industry. He recognized the importance of creating a level playing field for all participants in the market, regardless of their background or gender. He actively supported initiatives that promoted diversity and mentorship programs, and he encouraged financial institutions to create more inclusive workplaces.
Art Cashin’s passing is a significant loss for the financial world. His contributions to the NYSE, his insights on market trends, and his unwavering commitment to financial literacy and diversity have left an indelible mark on the industry. He will be remembered as a true icon of Wall Street and a mentor to generations of investors.
