January 3rd, 2019

Today's Question - What number should come next in this series (and why): 1, 4, 3, 11 __ (careful it's tricky and even a bit sneaky). NO COMMENTS FRIDAY Cashin’s Comments January 3, 2019 Page 3 of 3

Reveal Answer Corner Answer - The next number would be 15 (based on the number of letters in its name) - One (3), Four (4), Three (5), Eleven (6) and Fifteen (7).

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January 2nd, 2019

Today's Question - Phil & Bill share a drink on their common birthday. "This is a very special birthday," says Bill "because, while we are together 63 years old, I am also twice as old as you were, when I was as old as you are now." What are their current ages?

Reveal Answer Corner Answer To Phil and Bill Birthdays - The older is 36 and the younger is 27 making their combined age 63.

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December 27th, 2018

Today's Question – Bob asked Ron when he had bought the champagne for the New Year’s party. Ron responded with a puzzle – “It was not the day after Monday or the day before Thursday and it wouldn’t have been Sunday the next day nor was it Sunday the day before, and the day after the next day wasn’t Saturday and the day before the day before wasn’t Wednesday.” What day of the week did Ron buy the Bubbly? Bonus Question - We all sing "Auld Lang Syne" at New Year's....What language is it and what does it mean? Tomorrow – Hopefully, Yearend Poem Otherwise Monday

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December 25th, 2018

Today Answer - It was Virginia O'Hanlon that got the "Yes Virginia" letter in the New York Sun. Bonus Answer - Santa's Reindeer: Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner and Blitzen. May you and all you hold dear find Christmas in your heart, in your home and in your whole world! Peace on Earth to all of good will! Publication Schedule There will be no Comments Thursday, December 24th

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December 21st, 2018

Today Corner Answer - The Three Kings were: Melchior, Caspar and Balthazar - bringing Gold, Frankincense and Myrrh. Melchior (Emperor of Arabia = gold); Caspar (King of Tharsis = Frankincense) and Balthazar (King of Ethiopia = Myrrh). Their names and identities did not appear in general circulation until centuries after the first "Epiphany." Publication Schedule Given her legendary organizational skills, Wonder Woman has been drafted by the North Pole Elves to manage sleigh packing and post event debriefing. Therefore, there will be no Comments December 24th and December 26th May you and all you hold dear find Christmas in your heart, in your home and in your whole world! Peace on Earth to all of good will!

Reveal Answer Answer - It was Virginia O\'Hanlon that got the "Yes Virginia" letter in the New York Sun. Bonus Answer - Santa\'s Reindeer: Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner and Blitzen. May you and all you hold dear find Christmas in your heart, in your home and in your whole world! Peace on Earth to all of good will! Publication Schedule There will be no Comments Thursday, December 24th Opinions expressed herein are subject to change without notice and may differ or be contrary to the opinions or recommendations of UBS Wealth Management Research, UBS Investment Research or the opinions expressed by other business areas or groups of UBS as a result of using different assumptions and criteria. Full details of UBS Wealth Management Research and / or UBS Investment Research, if any, are available on request. Any prices or quotations contained herein are indicative only and do not constitute an offer to buy or sell any securities at any given price. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness, reliability or appropriateness of the information, methodology and any derived price contained within this material. The securities and related financial instruments described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. UBS AG or any of its affiliates (\xe2\x80\x9cUBS\xe2\x80\x9d), its directors, officers and employees or clients may have or have had interests or long or short positions in the securities or related financial instruments referred to herein, and may at any time make purchases and/or sales in them as principal or agent. UBS may provide investment banking and other services to and/or serve as directors of the companies referred to in this material. Neither UBS its directors, employees or agents accept any liability for any loss or damage arising out of the use of all or any part of these materials. This material is distributed in the following jurisdictions by: United Kingdom: UBS Limited, a subsidiary of UBS AG, to persons who are market counterparties or intermediate customers (as detailed in the FSA Rules) and is only available to such persons. The information contained herein does not apply to, and should not be relied upon by, private customers. Switzerland: UBS AG to institutional investors only. Italy: Giubergia UBS SIM SpA, an associate of UBS SA, in Milan. US: UBS Securities LLC or UBS Financial Services Inc., subsidiaries of UBS AG, or solely to US institutional investors by UBS AG or a subsidiary or affiliate thereof that is not registered as a US broker-dealer (a "non-US affiliate"). Transactions resulting from materials distributed by a non-US affiliate must be effected through UBS Securities LLC or UBS Financial Services Inc. Canada: UBS Securities Canada Inc., a subsidiary of UBS AG and a member of the principal Canadian stock exchanges & CIPF. Japan: UBS Securities Japan Ltd, to institutional investors only. Hong Kong: UBS Securities Asia Limited. Singapore: UBS Securities Singapore Pte. Ltd. Australia: UBS Capital Markets Australia Ltd and UBS Securities Australia Ltd. For additional information or trade execution please contact your local sales or trading contact. \xc2\xa92015 UBS Financial Services Inc. All Rights Reserved. Member SIPC. UBS Financial Services Inc. is a subsidiary of UBS AG. \x0c

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December 20th, 2018

Today's Question - What were the names of Three Wise Men and what gift did each bring? Tomorrow will be this year's Christmas Poem

Reveal Answer Corner Answer - The Three Kings were: Melchior, Caspar and Balthazar - bringing Gold, Frankincense and Myrrh. Melchior (Emperor of Arabia = gold); Caspar (King of Tharsis = Frankincense) and Balthazar (King of Ethiopia = Myrrh). Their names and identities did not appear in general circulation until centuries after the first "Epiphany." Publication Schedule Given her legendary organizational skills, Wonder Woman has been drafted by the North Pole Elves to manage sleigh packing and post event debriefing. Therefore, there will be no Comments December 24th and December 26th May you and all you hold dear find Christmas in your heart, in your home and in your whole world! Peace on Earth to all of good will! \x0c Opinions expressed herein are subject to change without notice and may differ or be contrary to the opinions or recommendations of UBS Wealth Management Research, UBS Investment Research or the opinions expressed by other business areas or groups of UBS as a result of using different assumptions and criteria. Full details of UBS Wealth Management Research and / or UBS Investment Research, if any, are available on request. Any prices or quotations contained herein are indicative only and do not constitute an offer to buy or sell any securities at any given price. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness, reliability or appropriateness of the information, methodology and any derived price contained within this material. The securities and related financial instruments described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. UBS AG or any of its affiliates (\xe2\x80\x9cUBS\xe2\x80\x9d), its directors, officers and employees or clients may have or have had interests or long or short positions in the securities or related financial instruments referred to herein, and may at any time make purchases and/or sales in them as principal or agent. UBS may provide investment banking and other services to and/or serve as directors of the companies referred to in this material. Neither UBS its directors, employees or agents accept any liability for any loss or damage arising out of the use of all or any part of these materials. This material is distributed in the following jurisdictions by: United Kingdom: UBS Limited, a subsidiary of UBS AG, to persons who are market counterparties or intermediate customers (as detailed in the FSA Rules) and is only available to such persons. The information contained herein does not apply to, and should not be relied upon by, private customers. Switzerland: UBS AG to institutional investors only. Italy: Giubergia UBS SIM SpA, an associate of UBS SA, in Milan. US: UBS Securities LLC or UBS Financial Services Inc., subsidiaries of UBS AG, or solely to US institutional investors by UBS AG or a subsidiary or affiliate thereof that is not registered as a US broker-dealer (a "non-US affiliate"). Transactions resulting from materials distributed by a non-US affiliate must be effected through UBS Securities LLC or UBS Financial Services Inc. Canada: UBS Securities Canada Inc., a subsidiary of UBS AG and a member of the principal Canadian stock exchanges & CIPF. Japan: UBS Securities Japan Ltd, to institutional investors only. Hong Kong: UBS Securities Asia Limited. Singapore: UBS Securities Singapore Pte. Ltd. Australia: UBS Capital Markets Australia Ltd and UBS Securities Australia Ltd. For additional information or trade execution please contact your local sales or trading contact. \xc2\xa92018 UBS Financial Services Inc. All Rights Reserved. Member FINRA/SIPC UBS Financial Services Inc. is a subsidiary of UBS AG. \x0c

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December 19th, 2018

Today's Question - Name Santa's Reindeer. Bonus Question - An actor once won an Oscar for playing Santa. Who was it? And in what film?

Reveal Answer Corner Answer - Santa Claus\' reindeer are: Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner, Blitzen Bonus Answer - The only actor to win an Oscar for playing Santa was "Edmund Gwenn" for "Miracle on 34th Street"

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December 18th, 2018

Today's Question - What well known Christmastime songs do these phrases describe: The acne finally disappeared late one night • A rallying cry for people who don't cheat on their boyfriend or girlfriend • How a communist tells his wife he knows the difference between rain and snow • • Are you tuned to the same station I am? • Christmas is a time for ove, for fami y, and mis etoe • Mom caught showing affection to our cat after it had been on the beach

Reveal Answer Corner \x0c Cashin\xe2\x80\x99s Comments December 19, 2018 Page 3 of 3 Answers (parens): \xe2\x80\xa2 A rallying cry for people who don't cheat on their boyfriend or girlfriend (Oh Come All Ye Faithful!) \xe2\x80\xa2 How a communist tells his wife he knows the difference between rain and snow \xe2\x80\xa2 (Rudolph the Red Nose Reindeer) The acne finally disappeared late one night (It Came Upon A Midnight Clear) \xe2\x80\xa2 Are you tuned to the same station I am? (Do You Hear What I hear) \xe2\x80\xa2 Christmas is a time for ove, for fami y, and mis etoe (Noel) \xe2\x80\xa2 Mom caught showing affection to our cat after it had been on the beach (I Saw Mommy Kissing Sandy Claws)

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December 17th, 2018

Today's Question - How many total gifts did the true love give on the 12th day of Christmas?

December 12th, 2018

Today's Question - If 5 elves can pack 5 sacks in 5 minutes, how many elves are needed to pack 100 sacks in 100 minutes?

Reveal Answer Corner Answer - To "Where\'s Santa when you need him" - The comb for mom would have cost 25 cents. The little boy apparently had only a penny. His sister had 23 cents.

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December 6th, 2018

Today's Question - Santa sent his special elf Sanjo down to the basement to fetch some green ribbons for bows. Sanjo discovered that the ambitious elf, Lanzro had switched the labels on the 3 ribbon drawers. They were labeled: "Red", "Green" and "Red and Green". Since every drawer was incorrectly marked, how can Sanjo pick just one ribbon out of one drawer and know which drawer held which? December 6, 2018 Page 3 of 3 No Comments Friday Have a wonderful weekend!

Reveal Answer Corner Answer - Little Linda must have started with $99.98. Spending half would leave her with $49.99 or the same number of cents as had been dollars and dollars equaling half the number of original cents.

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December 4th, 2018

Today's Question - How many Articles of Impeachment did the House Judiciary Committee actually note against President Nixon?? Further Goldwynims - "I'll believe in this color television when I see it in black and white!" - "If I could drop dead right now, I'd be the happiest man alive." - "I'm willing to admit I may not be right all the time…..but I'm never wrong." - "A verbal contract ain't worth the paper it's written on." And Three Classic Stengelisms - "They say you can't do it…..but sometimes it doesn't always work." And "Three things can happen when you play baseball. You can win. You can lose. Or it can rain.” Lastly, my favorite Casey line – "The key to leadership is to keep the guys who hate you away from the guys who haven't made up their mind yet." Cashin’s Comments December 4, 2018 Page 3 of 3

Reveal Answer Corner Answer - The Committee voted three Articles of Impeachment against Nixon but they never reached the Floor. \x0c Cashin\xe2\x80\x99s Comments

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December 3rd, 2018

Today's Question - Which word doesn't belong in this series: plumber, ghost, limb, cocoa, foreign, urn, knee?

Reveal Answer Corner Answer - Sssh! The word out was "urn" - it was the only one without a silent letter.

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November 29th, 2018

Today’s Question - What number logically should begin this series: __, 9, 16, 25, 36? NO COMMENTS FRIDAY

Reveal Answer Corner Answer - The number should be 4 which is the square of 2: 4, 9, 16, 25, 36.

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November 28th, 2018

Today's Question - I've got your number! - Numbers can be unique like Primes, Squares, Roots, etc. This number has a special property that you'll find with cunning and not a calculator. "8, 549, 176, 320." What's the special property?

Reveal Answer Corner Answer - The number did have a unique property. It contained each of the numbers from zero through nine and they were in alphabetical order.

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November 27th, 2018

Today's Question - One of the word play games often seen is the "word ladder". In these games you move one letter at a time to get to a new word in a specific number of steps. Each step must be a common word. Cashin’s Comments November 27, 2018 Page 3 of 3 (Example: To go from "sick" to "well" in 4 moves you might go -"sick", "silk, "sill", "sell", "well".). Can you go from "warm" to "cold" in 4 moves?

Reveal Answer Corner Answer - The word ladder we found were: Warm, Ward, Word, Cord, Cold.

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November 13th, 2018

Today's Question - I can name that tune in 4 notes - There are 9 states you can spell using just 4 letters per state.....one example is "Hawaii". What are the other eight? Cashin’s Comments November 13, 2018 Page 3 of 3

Reveal Answer Corner Answer - The states that can be spelled using only four letters are: Tennessee; Mississippi; Kansas; Alabama; Alaska; Utah; Iowa; Indiana; and Hawaii.

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November 12th, 2018

Today's Question - Two trains are 750 miles apart. One train is traveling at 110 miles an hour and the other at 90 miles an hour. If the trains are traveling directly toward each other, how far apart will they be exactly one hour before they meet? A Special Thank You To All The Wonderful Folks In The Armed Forces And All Their Veteran Predecessors Cashin’s Comments November 12, 2018 Page 4 of 4

Reveal Answer Corner Answer - The trains would be 200 miles apart (the sum of the two speeds).

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November 7th, 2018

Today's Question - An old refrain - "Twice four and twenty blackbirds were sitting on a plain. I shot and killed a seventh part. How many did remain?"

Reveal Answer Corner Answer - The centuries old refrain was - "Twice four and twenty blackbirds were sitting on a plain. I shot and killed a seventh part. How many did remain?". Even then (or especially then) riddles involved trickery. So the clue could be interpreted a couple of ways. "Twice four and twenty"......could be "2 times 4 plus twenty" or 2 times "4 and 20 (24)". Obviously to make the riddle work it was "2 times 4" plus twenty (or 28). So...."I shot and killed a seventh part (1/7)....How many did remain?" Thus (2x4) + 20 = 28 of which 1/7 = 4 and whether shot by gun or arrow only the dead would remain = 4.....Phew!! So much for old, old riddles!!

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November 6th, 2018

Today's Question - "You've got that backward" - There's a 7 letter word that's a synonym for "freeloaded" or "washed" that has each of its letters in reverse alphabetical order. (No letter repeated.) Can you guess what it is?

Reveal Answer Corner Answer - The word with letters in reverse order that could be synonym for washed or freeloaded is "sponged".

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November 5th, 2018

Today's Question - Look out Starbucks! - Valerie starts a mail order custom coffee shop. She buys variety "A" at 32 cents an ounce and "B" at 40 cents an ounce. She blends them and sells the mix at 43 cents an ounce giving her a profit of 25%. What's the mix in a box of 100 ounces of blend?

Reveal Answer Corner \x0c Cashin\xe2\x80\x99s Comments November 6, 2018 Page 3 of 3 Answer - Valerie must mix 70 ounces of the 32\xc2\xa2 coffee with every 30 ounces of 40\xc2\xa2 coffee to get the right blend.

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November 1st, 2018

Today's Question - Oh yeah? But can you spell Budweiser? - At a tailgate party before the game, Art was accosted by a bright lad who said as follows: "My uncle is three times as old as I am. He is also the square of my sister's age. I am twice as old as my sister. How old am I? NO COMMENTS FRIDAY Cashin’s Comments November 1, 2018 Page 3 of 3

Reveal Answer Corner Answer \xe2\x80\x93 The pesky whiz kid was 12 years old. (Dad was 36 and sis was 6.)

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October 30th, 2018

Today's Question - A kid's trick for Halloween – Mike gave Bob a nickel and a dime. He said - "Put one in each hand but don't tell me. Now....triple the value of the coin in your right hand and double the value in your left. Add those two values together and tell me if the total is "odd" or "even" and I'll tell you which coin is in which hand." What would be the placement for "even?"

Reveal Answer Corner Answer - Guess which hand! - If the total is "even", the nickel must be in the hand that is doubled.....in this case the "left hand." If the nickel were tripled (15 cents), the answer will always be odd. \x0c Cashin\xe2\x80\x99s Comments October 31, 2018 Page 3 of 3 8 __ 2 __ 12 __ 9 = 39

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October 22nd, 2018

Today's Question - Finding the subsets again. Find at least 7 small words of 2 letters or more in the word - "Penetratingly".

Reveal Answer Corner Answer - Some of the words in "Penetratingly" are: Pen, Net, Rat, Rating, Tin, Tingly, Tin, In, etc., etc.

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October 11th, 2018

Today's Question - Since World War II, the U.S. government has tried to retire most currency denominations above the $100 bill. Who is featured on the $500 bill and what is the largest denomination featuring a non- president? What is the largest "printed" bill and who's on it? NO COMMENTS FRIDAY Cashin’s Comments October 11, 2018 Page 4 of 4

Reveal Answer Corner Answer - President McKinley is on the $500 bill, Cleveland is on the $1,000, Madison on the $5,000, Salmon Chase is on the $10,000 (highest for non-president) and Woodrow Wilson on the $100,000 (did you peek in your wallet).

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