In a touching tribute to a New York Stock Exchange (NYSE) legend, Art Cashin’s sons, John and Thomas Cashin, continued the beloved tradition of reciting a New Year’s poem to mark the close of the trading day on December 31st.
This annual ritual, started by their father, has become a cherished moment on Wall Street, blending reflection, humor, and insight as traders prepare to ring in the new year.
For decades, Art Cashin, who was a floor broker at the NYSE and a respected market strategist, would recite a carefully chosen poem that captured the essence of the year past while offering a glimpse of hope and foresight for the year to come.
His wisdom and wit made these poems a favorite among traders, with many seeing it as a symbolic moment that tied together the fast-paced, often turbulent world of finance with a sense of humanity and tradition.
Following Art Cashin’s passing in 2022, his sons made a heartfelt decision to uphold this family legacy.
Each year since, John and Thomas Cashin have gathered in the NYSE’s bustling trading floor, standing in their father’s place and delivering their own renditions of the poem that became so much more than just a Wall Street tradition — it became a moment of emotional connection for the entire community of traders, analysts, and spectators alike.
“We are proud and honored to continue this tradition our father started. It’s a way for us to reflect on his life, his work, and the legacy he left behind in the financial community,” said John Cashin, who, like his father, has worked in finance.
“The poem is a symbol of hope, a reminder that even amidst the ups and downs of the market, there’s always room for reflection and gratitude.”
This year’s poem was no different in its emotional resonance. Delivered with a mix of reverence and warmth, it reminded those present of the enduring values of resilience, optimism, and the power of perseverance — qualities that Art Cashin exemplified throughout his storied career.
The tradition, while steeped in personal significance for the Cashin family, has also become an annual highlight for the NYSE community. As the markets close on New Year’s Eve, the poem’s delivery acts as a symbolic bridge between the frenetic energy of Wall Street and the quiet moments of personal reflection that come with the dawn of a new year.
“Art’s poem was always a reminder that the market is just one piece of the larger picture,” said one NYSE trader who has witnessed the ceremony for years.
“It’s a way to pause and reflect, and that’s something we all need, especially in such a fast-paced environment.”
As the poem echoed across the trading floor on December 31, the Cashin family’s tradition stood as a powerful reminder of the human side of the markets and the enduring influence of Art Cashin’s legacy on Wall Street.
As 2024 begins, traders and financial professionals alike will carry with them the warmth of this annual ritual, knowing that the Cashin family’s tribute to Art’s memory remains a central part of the NYSE’s enduring traditions.
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