That is a true statement right now on fast money from summer surge to summer sell off

the rally fizzling as the major averages post their worst day since June 16th remember

that day that was the low is this a fear of the fed fade or could it be something more

plus AMC raising cash by creating a new preferred class of shares it's the latest way for

CEO Adam Aaron to appeal to the meme me me mean traders but the question should you

follow that's what the question is later Netflix and chilled after more than 40% run up

this summer Netflix and the other streamers are falling sharply will go inside the melting

media stocks coming up

what do you mean me mean a lot of people say that's your favorite thing to say me me me me me me me me me me me

Joe Kernan guys come on the jokes it infirmalissa right at the top infirmalissa Lee Grasso showed up

because I keep forgetting to go to him when he's not here this is fast money life on that

but now we can do that to a dummy alive from the net that market site on the desk tonight tonight

Kim Seymour Steve Grasso and then Guy Adami and Karen Feinerman will join us in a few minutes guys

already here how you doing guy you you're not going to disappoint me are you never do welcome

Joe great seeing you absolutely and honor the sun is now shining because you're in the sea

I know that sounds sarcastic but I he's easy we love great to have let's start with another

you better I'm going to be here tomorrow too and we start with another major market sell off

on Wall Street the S&P dropping over two percent it's a biggest loss since mid-June the Nasdaq down

more than two and a half percent falling into negative territory for the month every single stock

in the Dow was in the red the biggest of the big taking it on the chin as well with Microsoft

Apple Amazon Alphabet and Tesla losing a combined two hundred and forty billion dollars in

market cap just today but the pain was felt far and wide semis retail airlines banks all seeing

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