Right now in fasted outfalls below 30,000.

The S&P losing nearly a quarter of its value from the highs and the Nas Act

down almost 35% since peaking last November.

Tonight slow money plays as the traders dig through the market wreckage for

some long-term buys plus warning lights for the automaker shares a

Tesla board and GM tumbling as prices soar delinquencies tick up and fears

grow that the industry will not be able to resist big sales incentives if

the economy slows down and later Bitcoin battered again.

The cryptocurrency falling over 30% this month now down almost 70% since last

fall should traders expect this slide to continue. I'm Melissa Lee this is

fast money life of the Nas Act market saving the hard-of-time square on the

death tonight. Karen Feinerman, Dan Nathan, Guy Namie and Brian Kelly and we

start off with the big breakdown on Wall Street. The Dow crashing below the

30,000 mark for the first time since January 2021. The Nas Act dropping more

than 4%. It's second decline of that size in just four days. The biggest

of big tech getting smacked, Apple, Microsoft, Alphabet, Amazon and Metta

losing a combined $250 billion market cap just today. But the pain was

widespread. A whopping 215 stocks in the S&P hit 52-week lows today that is

more than 40% of the index. So what does this all tell you guy?

Well, it's interesting for a long time now. I've said the only panic I've seen

for the last couple months. Mel's been on the upside days where the market goes

higher and the down days have been pretty orderly. Today for the first time my

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