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Cashin says 'there's a lot of leverage out there'

Wednesday, 9 Jul 2014 | 11:40 AM ET

CNBC's Bob Pisani and Art Cashin, of UBS, discuss the market's "muted" response to a dozen or so stocks that had 7 or 8-percent moves on no company-specific news. Also Cashin weighs in on high valuations in the social media group. They are starting to develop a 1999, 2000 attitude, says Cashin.