A Massive Market Reversal as Traders Buy the Dip, and the Narrow Window to Get in on SPACs

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 23 February 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets coming back strong after falling sharply at the start of the day. So is “Buy the Dip” alive and well? And what stocks should you be getting in on now? Plus Lucid Motors the latest name to enter the SPAC world. But the window of opportunity to see gains may be shorter than you think. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Alyssa Lee and this is Basswani.
0:03.5	Tonight's straighter line of Guaidami, Tim Seymour, Karen Finerman and Steve Brasso
0:07.0	tonight on Bass, a SPAC attack, Lucid Motors, the latest name to jump on a special purpose
0:11.8	bandwagon, but has all the opportunity and the stock already come and gone.
0:15.4	We'll get some answers.
0:16.4	Plus, is the dollar going digital with the Federal Reserve Chairman said today that could
0:20.7	mean a lot for the crypto world.
0:23.0	And we're all over the after-us action square and told brothers and dive into the numbers
0:26.6	that got these stocks moving after the close.
0:29.3	When we start off tonight with a massive market reversal, the Nasak revounding from a nearly
0:34.0	4% drop in the first hour trading to end the day basically flat.
0:37.8	The S&P and Dow actually managing to eke out games after seeing some pretty big losses
0:42.2	themselves.
0:43.2	Take a look at some of the specific moves.
0:44.7	Apple down as much as 6%, closing flat.
0:47.8	Alphabet went from a 3% loss to a gain to end the day and Basswani down 2% nearly trade
0:52.9	finishing the day up 2%.
0:55.4	Is this a big case of buy the dip?
0:57.8	Is that still alive?
0:59.7	Guy Donnie.
1:00.7	Certainly, it feels that way.
1:02.7	Friday night we had on our special 6 p.m. show, we had the great Cassius Covey on, if
	...

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