Left to right associativity means that the expression is implicitly parenthesized like this:
(((cout << "foo") << "bar") << "baz")
In other words, the leftmost operation comes first.
By contrast, assignment is right-associative in most languages:
a = b = c + 5;
assigns c + 5
to both "a" and "b" because the assignment operator works from right-to-left.