Navigating the Big Tech Wreck, and Finding Safety in the Sea of Red
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 3 December 2021
⏱️ 22 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Fly from the Nasdaq Marketside, overlooking the glorious New York Times Square. |
| 0:04.5 | This is Fast Money. |
| 0:05.8 | I'm Dominic Chouin from Melissa Lee tonight, tonight's Trader lineup. |
| 0:09.1 | You're seeing them right there. |
| 0:10.4 | It's Tim Seymour, Steve Grasso, Brian Kelly, and Nadine Termin for the Big Show tonight |
| 0:15.4 | on Fast, a sea of red on Wall Street to wrap up what's been a very volatile week. |
| 0:20.3 | But the Traders have some places where you can seek shelter from that storm. |
| 0:24.3 | You won't want to miss their ultimate safety plays that's coming up. |
| 0:27.5 | Plus, a big coin breakdown. |
| 0:29.6 | The crypto dropping today alongside the rest of the overall market. |
| 0:32.7 | So is the coin losing its appeal as a store of value? |
| 0:37.2 | Our Bitcoin baller breaks down that trade. |
| 0:39.1 | And then later on, slamming on the brakes, the stock that could see 10% immediate. |
| 0:45.3 | Yes, immediate downside. |
| 0:47.6 | We'll tell you what it is, that mystery chart there and how you should play it. |
| 0:51.2 | But we start with another monster sell off on Wall Street with big technology posting |
| 0:55.1 | the biggest losses on the day. |
| 0:56.4 | As you can see, they're the Nasdaq. |
| 0:58.4 | Now nearly 2% right now and is now 7% below its record high. |
| 1:03.5 | The biggest companies in the world, as we shift around to that monitor, losing a combined |
| 1:09.0 | $185 billion in market value today alone. |
| 1:15.0 | So where are the markets going from here as you see companies like Alphabet and Apple |
... |
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