Fast Money starts right now, live from the

C. N.

Headquarters in Inglewood, Cliffs, New Jersey.

I'm Scott Wopner in tonight for Melissa Lee.

Our traders on the desk

are Pete Nigerian Tim Seymour,

Karen Finerman, and Dan Nathan.

Tonight on Fast, a stunning reversal on Wall Street,

the Dow with a dramatic drop early in the day rallying nearly 800 points from the lows boy

almost coming all the way back ending down just a mere 79 points and after

taking out the November lows the S&P bouncing back to end the day

nearly flat as well the Nasdaq closing the day in the green up about one half of

1% Pete what do you make of the action? Is that what a bottom feels like?

It sure feels a lot like that.

Yeah.

I mean, the turn that we had was amazing.

And the fact that we saw that spike in the volatility where we got up,

and we've been talking about there for a long time.

When is volatility going to get one of those absolute up and we've been talking about that for a long time.

When is volatility going to get one of those absolute explosive days?

Well, we certainly got that today.

We, as a matter of fact, volatility started coming back before the market started to rise, Scott.

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