4.3 • 1.2K Ratings
🗓️ 2 February 2018
⏱️ 22 minutes
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0:00.0 | Fast money starts right now a stunning sell-off on Wall Street the worst |
0:08.3 | states since Brexit back in June of 2016 at one point the Dow shed nearly |
0:12.2 | 700 points it It closed down 666 points. Yes, |
0:17.0 | 666 of demonic end to a tough week. What is the six best, by the way, the six biggest point loss ever on top of that. |
0:24.8 | Of course, on a percentage basis, it was only 2.5 percent still. |
0:27.7 | It's a worst week for stocks since January 2016. |
0:30.7 | And the culprit looked no further than rates rates the 10-year yield surging to just |
0:34.2 | above 2.8% that's a four-year high the rate shocks spooking stocks all over the |
0:39.8 | world all week long and today we close near the dead lows of the session. |
0:43.2 | The Dow is now off 4% from its all-time highs. |
0:46.4 | Key questions tonight is this just the beginning of a much bigger correction? |
0:50.1 | What do you do with your money right now? |
0:52.6 | Guy D'Ame. |
0:53.6 | Well, I don't know about bigger, but kudos to Tim and Brian last night who said, |
0:55.8 | you know what, tomorrow good news is going to be bad news. |
0:58.6 | And that's pretty much exactly what happened. |
1:00.4 | I'm not going to pretend to say, I knew that that was going down 650 points. |
1:03.7 | I will not use the number that you just used. I don't do that. But I didn't see that coming. |
1:07.7 | But what I will talk about is the fact that markets don't end of old age, bull markets. |
1:11.6 | They end on the crescendo of good news. |
1:13.1 | And I got to tell you something, you couldn't have |
1:14.9 | had much better news a couple weeks ago |
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