right now and fast the S&P could drop another 20% from here that's what

JP Morgan CEO Jamie Diamond is saying and he adds that the next 20 will be

much more painful than the first 20 why Jamie is so bearish and what the

traders think of his latest storm warning plus auto stocks hitting the

skins jam and forward falling after analysts say that we are just a few

months away from an actual auto blood how did we go from three years of

unprecedented pricing and margin power to oversupply and just to flash and

later so much for safe havens gold not exactly glittering crypto crumbling

and bond funds this year some well-known ones have performed even worse than

the S&P 500 so where can investors hide in this rough and tumble market I'm

Melissa Lee this is fast money life in the Nasak market site on the desk

tonight corny Garcia Karen Feynman Dan Nathan and Guy Adami we start off with

another big warning from the CEO of the country's biggest bank Jamie

Diamond sitting down with CNBC Europe's Giuliana Taddlebaum with this

forecast on how much farther the S&P 500 could fall it may have ways to go I

mean it really depends that soft landing hard landing thing since I don't know

the answer to that it's hard for me to answer that but it could it could be

another easy 20% and I think like the next 20% will be much more painful in

the first rates going up another 100 basis points a lot more painful than the

first hundred because people aren't used to it and you know I think negative

arrangement all of a sudden done will will be it can have been a complete failure

another 20% easy from here that implies the S&P 500 below 2900 a level it has

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