Cashin On Icahn Vs Ackman: "Like A Car Chase - And About As Meaningful"

Cramer called it the greatest piece of financial TV history. He was the only one. Here is Art Cashin's take on last week's 1 hour slow motion trainwreck between Ackman and Icahn. Stocks opened solidly better and began to build on those gains. Disappointing home sales at 10:00 seemed to dent the rally and stocks struggled through the morning, finally regaining the morning highs around noon.   Then came a rather bizarre TV soap opera. As someone on the floor called it, it was like Jerry Springer with limos.   Actually, on Jerry Springer, I am told, the protagonists are live and often rush to confront each other physically. Here they were formless voices that phoned their enmity in.   While it diverted trading desks and floors somewhat – like a car chase – it was about as meaningful. Traders wondered if the performance dented the confidence of mom and pop investors...