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, or Tim Seymour, Steve Grasso, Karen Feinerman, and Dan Nathan.

Tonight on Fast, the Fed hangover continues as the Dow drops again today

although closing off the session lows down just over 100 points and one top

strategist says it could be about to get worse he will explain plus we are all over the after hours movers

Activision Shake Shack Shack Gilliad all on the move after their earnings reports

will bring you the latest details from those conference calls happening right

now and speaking of earnings just about 75% of the SFP 500 have now right now

and speaking of earnings.

So take a look at some of the biggest winners and losers so far

since reporting earnings forward is up 10%

J.P. Morgan up 9%.

Caterpillar is down 5% Alphabet Intel are both down double digits.

So do any of these earnings busts turn into bargain buys?

Do you stick with the winners here?

Tim, what do you say? You know, I think a couple of them look very, very interesting.

I think Google and Intel would be the places that I feel most comfortable based upon,

both valuation and companies, that I don't think I get worried about

execution.

Intel talked about things that if you worry about the things they talked about,

you worry about it for everybody.

They talked about data center, they talked about China.

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