And Fast Money begins with breaking news.

The selling rages on in another milestone moment for your money.

The Dow dropping a thousand points are 4% in a wild session for stocks. Incredibly, this is the second thousand point drop

this week. It is the worst week now since October of 2008, right at the heart of the financial

crisis, the Dow, now down 10% from its highs, what Wall Street calls a correction.

The S&B 500 also in a correction, the Dow S&B and NASDAQ all now negative for 2018.

Thank you for being with us tonight everybody and let us begin now with Guyadami

because Guy after a week of reckoning for stocks, we're left with a really hard question.

Is this a healthy run-of-the-mill correction or the

start of something bigger perhaps a bare market because I can say that thousand

point drops have really never happened in the market unless we've had a serious

We've never been this high to Tim's point and you know this so I mean yes at 27,000 in the Dow, 1,000 points is obviously a lot different than at 15,000 in the

Dow. And obviously it creates headlines because the number, it's a significant number.

For context though, the levels where are now in the S&P and the Dow Jones is

basically where we were in Thanksgiving and in Thanksgiving everybody's talking

about how great the market was. Number one, I'm not dismissing what's going

on. What I think is happening here, clear what everybody said.

Volatility has taken over. Stocks have become collateral damage to volatility.

This will be over, in my opinion, when you see headlines about a hedge fund and or some

banks derivative book blowing up.

I have not seen that yet.

When you start to see those headlines, I think that's when we're in the

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