Art as Elf

After too much Thanksgiving feasting, we were driving home today and I wondered how the market did.  On Wednesday, I had seen CNBC's Art Cashin comment about Black Friday markets as follows:

There's going to be an overhang through the rest of today and Friday," with a "general bias to the upside." He pointed out that historically, the Friday after Thanksgiving is the most likely day out of "the rest of the year" for markets to be up.

Here's the link but be aware you'll have to sit through a short CNBC commercial first.  Mr Cashin was wrong and the US equity markets were down on the most likely day to be up.  I like watching Mr Cashin.  I'm sure he's both honest and knowledgeable.  And so I admit to just an iota of surprise that he was wrong on this one after sounding so confident.  For Pete's sake, he was even wearing a holiday elf hat.