4.3 • 1.2K Ratings
🗓️ 7 April 2020
⏱️ 46 minutes
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| 0:00.0 | Thank you, Wolf, Sarah, Mike, and welcome to CBC's Fast Money. We started red-hot and ended ice-cold. The move that we saw yesterday could not be carried through and in fact the market |
| 0:15.1 | taking an 800 point round trip rallying right after the open but then all session long |
| 0:21.1 | continuing to lose ground and in fact when oil began to roll over at the |
| 0:24.8 | closed near 2.30 stocks began to roll over as well in fact the Dow Jones industrial |
| 0:29.7 | average ended the day on the downside on its lows maybe not the best sign for tomorrow |
| 0:36.0 | welcome everybody I'm Brian Sullivan and we have got a full show for you as |
| 0:39.5 | always Guy Adami Tim Seymour Dan Nathan and Karen Feinaman are your investment team today. |
| 0:44.8 | Great to see everybody. |
| 0:46.6 | Still social distancing here. |
| 0:48.3 | Let's jump right into this Guy Adami because it looked like we would carry through Monday's momentum. We did not. Do you |
| 0:56.8 | have anything you can put your finger on to say this is why we rolled over? |
| 1:02.0 | Yeah, pretty much everything we've been talking about for the last couple of weeks, Brian. |
| 1:07.0 | You know, I'm not trying to be a wise guy here, but since, you know, that capitual, since that low we made a few weeks ago and as it became somewhat clear the bounce was in play, |
| 1:16.6 | we had been saying for quite some time that the logical level for this thing to bounce was |
| 1:22.4 | 2790 or so in the S&P 500. We came within a little more |
| 1:26.8 | than percent of that today. So in terms of what it did today, again, I'm not trying to be funny here, but it really didn't surprise us all that much because it did exactly what it needed to do technically. |
| 1:38.0 | Trade it up to that level, seemingly failed, that's a 25, 26% bounce from that low. The Vicks never really gave up at the goat. Vicks closed |
| 1:48.8 | higher today. You mentioned an oil rolled over, so you know I never thought this was going to be a straight line |
| 1:54.1 | higher I made a lot of sense to get where we got today I think in terms of the |
| 1:58.4 | rest of the month and I'm not trying to speak in hyperbole here but I think the next two days are very important for the market. |
| 2:08.0 | Why is that Tim Seymour and do you agree with Geodami? |
| 2:14.0 | Well, first of all, he is a wise guy, so I do listen to him. |
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