One Man’s Opinion: Why Art Cashin Is Nervous: “10% Of The Dow Has Provided 50% Of The Gains”

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From Art Cashin of UBS We’ve noted over the last two weeks that the Dow Industrials have been diverging from most other indices and particularly the Dow Transports. An important part of the divergence has been the relative narrowness of the rally in the Dow. In today’s WSJ, Justin Lahart took note of the narrowness: Americans cheering the U.S. stock …