Life in the Nazak Market site overlooking New York City's Times Square

This is Fast Money. I'm Melissa Lear. Traders on the desk are Pea Nigerian, Tim Seymour,

Karen Finerman and Dan Nathan. A brokerage beat down, the brokerage stocks tanking as Schwab up the ante

in the price wars, so who will come out on top and this race to zero will debate it.

Plus, we're keeping an eye on shares of stitch fix that stock bouncing around after reporting results

the company's conference calls just getting underway will bring you all the

highlights and later one top technician says this chart is looking so bad it's

good where he is finding big opportunity right now but we begin

with the manufacturing meltdown stocks kicking off the quarter deep in the

red as a key read on the health of the US economy flips to its lowest level

since the Great Recession.

So that got us thinking.

Is history about to repeat itself?

We're firing at the Fast Money Time Machine for a trip back to a year ago when this was playing out on our air.

You hear the music and you see the raging bowl and you know what that means.

The Dow hitting a record high for the first time since January 26 joining the

S&P 500 in Nasak which are both at all-time highs as well.

So that was a set up heading into Q4 of last year but wait fast forward just a few days and

this happened.

Fast money starts right now with breaking news. stocks getting shattered today

the Dow having its worst day since February, taking more

than 800 points of selling accelerating into the close.

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