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90 Seconds with Art Cashin: Europe's 'Sigh of Relief Rally'

Tuesday, 10 Jan 2012 | 11:40 AM ET

CNBC's Bob Pisani and Art Cashin, of UBS, discuss happy talk coming out of Europe, including Fitch saying it was unlikely to downgrade France's AAA rating, at least for now. Europeans are having a "sigh of relief rally," says Cashin. He also discusses what's happening with ETFs and Alcoa's earnings results.