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90 Seconds with Art Cashin: Will the ECB Take a Haircut?

Friday, 3 Feb 2012 | 11:40 AM ET

CNBC's Bob Pisani and Art Cashin, of UBS, discuss the new highs on the Nasdaq and Dow, and the jobs number surprise. It came with two hefty upside revisions for the previous two months, which is a sign things are headed in the right direction, he says. In Europe, Cashin says the big problem is the ECB. Is it willing to take a haircut on its debt?