Fast money starts right now. Live from the NASDAQ market site overlooking New York City's Times Square.

I'm Melissa Lear. Traders on the desk are Pete Nigeri and Tim Seymour, Karen Feiderman and Dan Nathan. Check out chairs of lift.

It's been a wild ride for this new stock and even though it's well below its IPO price the Dean of Valuation says it's still not worth the price it's trading at now.

He will be here to explain. Plus Big Banks under pressure this week as their

CEOs head to the hill tomorrow and the companies gear up for their earnings later

this week but the chairwoman says investors are getting it all wrong. She will

explain. we start off

with the market sell-off the Dow falling nearly 200 points the S&P 500

snapping an eight-day winning streak as trade to her royal in earnings fears

royal investors but the biggest loser today small caps the Russell

2000 getting hit the hardest sending the group reeling back into

correction down more than 10% from its highs back in August leading the rest of the broader market into the sell-off

this fall.

So are small caps, the Truetel on this market?

Is it still safe to buy stocks?

Pete, we kick it up with you.

Oh, I do think it's still safe to buy stocks. I look at this.

Obviously this is one of the many metrics. Everybody's looking at different things and I look at this. But you know what? I'm impressed with what I saw today out of different tech.

Obviously we see the semis getting a little

bit of pressure but they've had a great run to the upside also some bounces here

and there. I look at volatility and I look at liquidity. Those are the things that

matter most to me and I think we're seeing volatility has come in dramatically.

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