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

clothes and we close at the dead lows of the day. S&P 500 now having its worst

losing streak in two years and take a look at the sea of red on Wall Street the

market took no prisoners,

tech getting hit the hardest, down nearly 5%. The NASDAQ, falling a whopping 4%

having its worst stay since Brexit. Everything from transports, the small caps taking on the chin

66% of the S&P 500 clothes in correction territory or worse. It was a wild day

out there as it looks like we are finally seeing some panic set into the market so are

things going to get worse before they get better is this a dip you buy what do you

do guys well I think the good news is we're right on the cusp of earning

season we sort of talked about that last night. I'm not

going to suggest that I knew that that was going to be down 800 points today, but we

have mentioned the warning signs have been there. The market just hasn't cared

until today. What are those warning signs? Well, technology absolutely has been

rolling over. Quite frankly, it started with Facebook a couple months ago when it went down

23% in seven minutes. We talked about how an individual stock can do that, who's to say the broader market can't do that?

The small cap index has been going lower.

Transport's have been starting to roll over.

I'm of the belief that this whole thing with China is not going to get settled anytime soon.

I think that's been a problem.

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