“I’m taking a little risk off of the table. I sold some stock yesterday,” he declared. As a sign of investor anxiety, he noted that “a lot of Elliot Wave followers are worried about finishing this leg” of the rally.Cashin explained: “The employment situation is hanging tough. Even though I know unemployment is a lagging indicator, with the severe layoffs we’ve had recently, you find people looking and saying, ‘okay, I’ve still got my job, but the guy down the block lost his, and those two guys over there lost theirs’ — and that’s beginning to rain down further on housing.” -cnbc