Fast money starts right now live in the Nazac market site overlooking New York

City's Times Square I'm Melissa Lear traders on the desk for Tim Seymour Steve

Grosso Karen Finnerman and Dan Nathan tonight on fast stocks plunging

back to their fall lows.

After yesterday's big reversal in one market bowl will explain why it's going to get messy

into year end.

Plus, the Fang Inferno rages on with Netflix down more than 6% today.

How much worse could it get, the traders will weigh in.

We start with the market sell off the Dow,

dropping nearly 700 points at the lows of the day,

closing down about 500 points.

The SFP 500 falling back into a correction,

the NASDAQ plunging deeper into a correction.

So, as the market goes from bad to worse,

what can stop this selling, Tim?. Well I wish I had all the answers

Mel I do think there's a dynamic here where we have to get a little bit more clarity

on what if any progress is realistic within three months or 90 days from

Jan 1 which is essentially this extension we've had.

We've gotten a little more clarity out of the Fed, and I think the Fed needs to be careful here

because the Fed's walking a type of rope of credibility.

And I think that, you know, going back to data dependent and walking back where they were in

October where I think they overstepped their bounds a little bit I think they got a

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