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CNBC's "Fast Money"

Fast Money 11/21/17

CNBC's "Fast Money"

CNBC

Investing, Business, News

3.91.3K Ratings

🗓️ 21 November 2017

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

Click on a timestamp to play from that location

0:00.0

Fast money starts right now with some pretty ominous music.

0:06.2

There's a lot to be worried about right now between the Department of Justice

0:09.4

jumping into one of this year's biggest deals, a yield curve, the flattest sense of financial prices,

0:14.0

and global political disarray

0:16.1

from the Middle East to Germany, to North Korea.

0:18.3

There are plenty of reasons to sell.

0:20.6

But hold on, stop. None of that even matters.

0:25.0

Change the music, please.

0:27.0

Everything is awesome.

0:28.0

Stop to at all-time high, shrugging off any headwinds.

0:31.0

The Dow surgery nearly 200 points at the highs of the day and it's not just

0:34.0

the Dow, the S&B crossing 2,600 for the first time ever joining the Nasak and the

0:38.8

Russell all making fresh record highs today. Even safety trades like gold and bonds were up so with no and

0:43.0

bond bonds were up so with no end to the rally in sight

0:46.0

and the end of the year just a few weeks away

0:48.0

do you just keep buying guys?

0:51.0

Yes, and I don't think we've wavered a lot on this one. We've said for quite some time that

0:54.8

and there are a lot of reasons to be embarrassed. You mentioned three, there's probably another

0:58.6

30 week convention. It doesn't matter because seasonality now is you're in your favor. I mean we're

1:03.2

Thanksgiving is two days away. We're going to be into the holiday season as you

1:07.0

say and people are going to play catch-up. The Russell made an all-time high. To me

1:11.0

that's been the best indicator. We can argue whether tax reform is

...

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