All this happening after the ecb shocked the world with a stimulus package that was smaller than expected. The selloff started yesterday immediately after fed chair janet yellen signalled a rate hike in december. Is this the end of the socalled easy money trade . Yes. I think it is the end of the easy money trade but its been all year. Weve seen multiple markets, multiple sectors all trading lower. What happened today, do you need to separate out what happened today. Today was not an economic event. Commit didnt change from yesterday. Its not going to change from tomorrow. What happened today is people were positioned expecting the ecb and mario draghi to deliver more stimulus than they did. They still delivered stimulus and eased monetary policy, cut rates. They didnt do as much as market expected. When those expectations had to unwind, everything spilled out. The dollars been driving this market all year. It drove it today. When it weakened, the euro strengthened. Every other asset class had to unwind. Amazing to think the dollar is up 15 since mid 2014. This has been a trade going on for some time now. What b. K. Is talking about is positioning. Positionings into consent yus trade. When you have a dramatic consensus the dollar would go higher, thats why you have a day like today. It had a risk day because we saw Global Equities come off. People are less comfortable with the notion you dont have to like the fed put or ecb put, maybe thats out the window. I think the dollar sets up pretty good. This is from a trading standpoint, a quick unwind. Im looking out a few months. Your long the dollar. Yes. Basically the same trade. Same thing. This is positioning, has nothing to do economically. If it is the end of easing money, thats going to be less dollars out there. Less supply. I did that. I added a little bit to my dollar loss. I bought tlt. Bond market was down big today in sympathy what happened to europe. How did you feel about the unwind today . Did i do anything . I didnt really do anything today. What draghi said was disappointing. I dont think thats it, hes written in stone what they are going to do for the foreseeable future until 2017. Just as our fed throws us curve balls once in a while or often. You had a lot of things today. Opec hanging out there. You had yellen today and yesterday. You had that ism number. You had a lot of things that i think made for nervous investors. Then you had pbh on the retail side. That was bad. People just got nervous. Nothing is that different to me, i dont think. Its expensive on a day like today. The strength we saw in the euro, you guys dont believe it will last. If it does last that, could force Mario Draghis hand increasing the size. Hes absolutely thrown curve balls. Our fed is hell bent on moving in december. I think they absolutely want to move. The one thorn in their side has been the strength of the u. S. Dollar. Today they got the break they needed. Magically or not, they got that window of opportunity. I think they will absolutely move in december. I think december is one and done. I think theyll say see you in 2016. January, draghi talks back things he said today. In terms of Technical Levels for the s p, 2019 given the high we made tuesday december 2nd, 2019 become as critical level of support. Nothing has felt easy in quite some time. We havent mentioned this jobs data. You mentioned pmi. If we get a weak november jobs print tomorrow, that data does not support what you are suggesting about a rate increase. It calls into question the credibility of the fed. If we head into a weak patch, we have a problem. They backed themselves in a corner. Their credibility is on the line. I think its ridiculous. Agree on the Economic Data is weakening. We saw ism below 50. Its the wrong thing to do. If rates were at 3 here in the u. S. , nobody would be talking about the fed raising rates. Negative on the s p 500 and down about 2. 5 in the past two sessions. If the markets continue lower, could that be a curve ball for the u. S. Fed . Should not be. They probably watch the s p on a tick by tick. They talk about stability in the s p. Dollar dropping more than 2 today. Largest single day drop since 2009 after hitting a 12year high. What is this telling us about our economy and u. S. Stocks . Raoul pal called the rally in the dollar. He joins us on the fast line. Great to speak to you. Is the dollar ride over . No. I dont think it is. I agree with most of the guys there that this is just a correction overpositioning. The big issue here is there is so much moving by Central Banks, no one knows what to do. They need to get their acts together and get better signaling. The markets are so confused right now. Where do you stand in the odds of a global recession . Ive been talking to you about a year about this. Its coming in the ism. Its going to break 50. Thats telling us the u. S. Economy is at storm speed. That gives us a 65 chance of recession in the u. S. Much of the world is in recession. Europe is not there yet. I think the Economic Situation is deteriorating fast. The fed seem to want to raise Interest Rates into that, which is a bit of a policy mistake. I think the market is getting more concerned about not understand yg they are doing it. You know what is interesting about that 65 number . Citi had the same probability and janet yellen today sort of referenced it or absented a question about it saying thats not right. What do you think she is missing . What is the fed missing . Basically, its simple. That number comes from using the ism survey. Every time it crosses 50 since 1948 gives you a 65 chance of recession. The ism correlates perfectly with the gdp. I dont see what she is saying. I think citibank is right. The numbers are there. Clear to see. Its great to have your analysis today. Raoul pal. Weve been speaking to raoul on the show more than a year now and he nailed every call he made. Its important to remember when you think about the dollar, this has been a safe haven trade, the dollar treasuries have. If you get what he thinks is going to happen to the globe, youre going to see investors flood back to those safe haven trades. This could be an opportunity. It doesnt mean you have to buy this dip in equities. If they prop them up, youll have the same selloff we had the last two januarys, 5 peaktotrough early february. There will be an opportunity to sell the close in december. If you want another way to play what raoul is talking about, look at the high yield debt. Default rates are sky high back to 2009 levels. Youre talking about Global Companies defaulting on their bonds at a level that was back in the great financial crisis. Hyg, a great short. Buy puts on that. 80. We talked about the hyg the other day. Critical support. Mike coe was on the show monday talking about the iwm. Very interesting. That is starting to pay dividend. That seems to be breaking down once again. Are you in the global recession camp . If we are in a global recession, does your portfolio no longer work . On a day like today, it doesnt work. Thats for sure. I feel like there is a lot of improvement in europe. In the companies i have, they have seen really good growth in europe barring the dip we had from the paris incident. I think we are sort of coming out of it. Im not optimistic on a big china big push, but i think the u. S. Is humming along. There are a lot of pockets of strength here. Its not the strongest recovery. Short answer, no. I dont think global recession. Okay. Up next, the rumored suitors for yahoos web business are stacking up. We are playing matchmaking. Traders will lay out their picks which companies should shack up with yahoo business. Biotech stocks doing something they havent done since 2010. It could spell trouble for the rally in the nasdaq. Later, two stocks that could signal a lump of coal for amazon. News alert on perks global. Lets get to seema mody in the newsroom. They are reducing their stake from hertz from 4. 9 from 8. 5 . Its been suffering from heightened competition from uber among other players. Stock is down 40 yeartodate. Slightly higher at this hour. Thank you. I wouldnt have guessed up on somebody reducing their stake by half. I wouldnt either. We dont know they did that. Where does that 4. 9 come from . 4. 9 is just below the level at which you need to disclosure stake. So they could be at zero. They have a duty to report theyve gone down below 4. 9 . I dont know why its up. The sale is done. Down from 20 to 14. The seller is out of the market so you get a pop for trade only. Lets tick off your top trades. Amazon up a massive 115 in 2015. You know what amazon uses to ship those packages . Fedex and ups where you worked, guys. Those stocks broadly underperformed. Whats going on . Are they sounding the alarm on retail shipping . Its fascinating. I would have thought as the shift to ecommerce, everyone knew that was happening, but accelerated faster than people thought, you would have thought this was a big benefit for these guys. Dan made a very smart point. Thats shocking. I know. Thats why i bring it up. Which is they could end up having too much to do and therefore not be able to do it efficiently and end up with excess costs. Thats happened to them before. We saw that. That was smart, dan. Im not usually making too many cogent points as guy would say. You talk about fedex down 12 on the year. Its a cheap stock that trade 13. 5 times earnings. When i think about a stock like this, you almost use opportunities. Activists have been in it. Last year was fedex and ups. They misallocated resources. The stocks got nailed. To me, i think that it could be a great tale. Fedex isnt just amazon and retail trade. If we are talking global recession, fedex is not the place you want to be. Neither is ups. While they may grow earnings next year, i would question that. The markets questioning that. I love that. Hopefully you have the footage for later because it was hot. I will speak over myself working at ups. The transports etf under significant pressure for a number of different reasons, most recently because of the railroads. We heard what csx said. People sell that etf and the stocks get taken down m a commensurate move. Thats part of what goes on. There is a massive secular shift towards ecommerce. On black friday there were more shopping sales done online. Thats one of the reasons why you have to separate these two stocks from the rest of the transports. I think that fedex is much cheaper than ups. Still ahead, crude prices surging up. Who could be the big winners and losers. Im melissa lee and youre watching fast money on cnbc, first in business worldwide. Biotech is doing something it hasnt done since 2008. And that could spell serious trouble for the nasdaq. Well tell you what it is and how to trade it. Plus, the field of streams keeps growing. Youtube looking to launch a tv and movie streaming service. Taking direct aim at netflix, amazon and hulu. Could the competition be good for netflix shares . All that and more ahead on fast. Important than your health. Or the freedom to choose what doctor you want to see. So if you have medicare parts a and b, consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, these let you choose any doctor who accepts medicare patients. Youre not stuck in a network, because there arent any. Plus, these plans help cover some of the part b medical expenses medicare doesnt pay. So why wait . Call now to request your free decision guide and find the aarp Medicare Supplement plan that works for you. Like all Medicare Supplement plans, youll be able to stay with the doctor or specialist you trust, or look for someone new as long as they accept medicare patients. But unlike other plans, these are the only ones of their kind endorsed by aarp. Rates are competitive. So call today. And learn more about choosing the doctors youd like to see. Go long. Welcome back to fast money. Biotech on track for their worst year since 2005. Lets bring in meg tirrell. Youve got your own animation. You missed it. It was a bad day for biotech today. This follows the uncertainty weve been seeing the entire year. Its been an incredible run for biotech. Since 2007 the etf we track is up 314 . That compares with a 45 increase for the s p. Its been a tremendous couple of years. This year we are on track right now up about 6. 5 , at least right before the close we were. That would be the worst performance since 2008 for the ibb. In 2008, it did decline 12 . Every year weve seen a gain since then. Among the biggest losers are Companies Like agios and clovis. Clovis came out with a surprising announcement about its lung cancer drug and drove the stock down. Agios is confusing among the biggest losers this year. Its not necessarily anything bad about it. They just started the year on a spike. They are going to have data this weekend at a hemotology conference and he expects more of the same positive developments on their cancer drugs. On the more positive side, you see Companies Like sarepta. Its doubled this year. Thats on the heels of bad news for its competitor in this disease. Well see an Fda Advisory Panel meeting in january which will be a huge event for that stock. Another surprising one is horizon. This is a company thats been lumped in with valeant in terms of that business model. Its up 56 this year. This brings to light all these questions about biotech. We talked with steve miller today. He had interesting things to say about drug pricing. We always supported high cost drugs. If you look at cystic fibrosis, we do that reimbursement. There is no other option for those patients. We shouldnt waste money anywhere in the health care system. Our job is to drive out waste. We thought that was an interesting comment. They pay for the high cost drugs if they are not wasteful, in mayor minds. He was talking about vertex. They cause a huge consternation when they pitted two hepatitis c drugs. It will be interesting to watch. People expect this pricing debate will continue next year into the election. What is the temperature of investors at this point after we have seen this massive run . Then you have large cap Companies Like gilead that dont have much in the pipeline coming up to replace those sales. Absolutely. What people are telling me they are feeling right now into the end of the year in biotech. There is no reason to buy it. There is so much uncertainty. It has had great gains. People are wrapping things up for the year. We are leading into the jpmorgan conference in january which is setting the stage for all of 2016. People are thinking the tone will be different. Its been euphoric the last now years. Meg tirrell. Drugs are so good maybe hepc will be eradicated. Their greatness leads to their demise but they have a cool Balance Sheet and can make moves. The ibb we talk about dan had this spot on, bk, as well. It wroek down from 360. Now trading 320. It comes in the support of 310 which is a 50 correction level of the 285 level tim seymour nailed. If youre looking for an entry point, ibb will get it done. These are a toast for next year. All next year . Until the election is over. Who will put new money to work . I am out. Ive been out a while. Did not call the top. We were in it several years. It was a great trade. I feel like there is so much pressure on the express scripts. You have money leaving. If money leaves the space, if some of those etfs have big sellers, it doesnt matter. I think thats the most important thing. Meg talked about smaller names that were the takeover candidates. You lost the amazons, the facebooks, stocks up 30 , 40 . A lot of biotech stocks were up 30 in january. Theyve given back a lot of gains. Biogen, amgen. Gilead are down on the year. Some act well. You lost the leadership. I think you can keep it focused here. You lost one of the biggest nasdaq leaders. If you go into the new year and people get focused on the uncertainty about regulation and pricing, these guys are going to be right. There will be lower lows. Up next will they or wont they . Will opec agree on any Production Cuts on the final meeting tomorrow . A preview what to expect. Mining for gold. One trader is betting big money gold miners are about to surge. When youre not confident your companys data is secure, the possibility of a breach can quickly become the only thing you think about. Thats where at t can help. At at t we monitor our Network Traffic so we can see things others cant. Mitigating risks across your business. Leaving you free to focus on what matters most. Some of these experimentsere notmay not work. Il. But a few might shape the future. Like turning algae into biofuel. New technology for capturing co2 emissions. And cars twice as efficient as the average car today. Ideas exxonmobil scientists are working on to make energy go further. No matter how many tries it takes. Energy lives here. Stocks getting slammed as the ecb surprised investors with a smaller than expected stimulus package. Dow jones dropping 252 points. It was down 304 points. S p turning negative on the year. We will tell you the one beatendown commodity thats finally reached its bottom. Bill gross released the december outlook. One thing he said has got traders worried. First we start off with oil jumping 3 ahead of opecs meeting tomorrow. Jackie deangelis at the nyse to tell us whats at stake tomorrow. Good evening, to you. Holiday parties dont wait for opec. We are waiting with bated breath. Whats at stake here . Two important things. The first would be the next slide down for oil prices. The second would be the jeopardy that the cartel is in that it may lose its influence. Consensus going into this meeting is that the cartel will not cut production, it will choose to accept these low prices as it tries to man tan its market share. The low prices forced them to pump more. That will only add to the swelling of this oil glut. Could there be a mutiny coming . There is a lot of infighting within the cartel. Youve got venezuela and ecuador choking on these low prices. Saudi arabia able to weather the storm. Iranians rushing to get their oil back online. Saudi arabia said it would consider a Production Cut but only if all the opec members and nonopec members would cut. There is a chance the cartel could go rogue tomorrow and give us a decision we werent expecting. That combined with the weaker dollar today keeping oil prices supported, but in that tight range 40 to 42, until we have a reason to take that leg down. Obviously a Holiday Party going on behind her. Who are the winners and losers ahead of tomorrows meeting. Greg, great to have you with us. Great to be here. What would it take for opec to move . If weve seen this decline in oil, it seems they wouldnt do anything regardless of what the situation is. Its up to the saudis. At this point, they have no reason to pull back. They are under a lot of pain. Dont get me wrong. Gdp is going down. Reserves are dropping dramatically. From what i can tell and our analysts are telling us, they can handle the pain for a good year or two more. Meanwhile they want to inflict pain on people like iran and russia. I see no reason why this should be some deal, some grand bargain that will allow production to drop and prices to go back higher. What are we waiting for in terms of what could drive oil higher . You wrote a book about fracking and frackers. Are we waiting for a wave of bankruptcy to take supply off the market . That is exactly right. There are producers who shouldnt be alive, but because Federal Reserve has Interest Rates so low, there is a lot of free money out there wall street, debt funds, hedge funds, banks are all still throwing money at them. They shouldnt be. About a lose or so companies have gone under. Youll see many more. I dont know if it will be enough to reduce production. When you get down to 8. 5 million barrels, maybe you see prices going higher. Who wins out of this situation aside from the consumer or people who have to pay less for energy, blah, blah, blah, who else . Blah, blah, blah. In terms of the industry itself, the relative victors are guys like exxon and bp who have good Balance Sheets, really strong Balance Sheets and can withstand the pain better than others. You worry about companies, not that theyll go under, but pain for those in the higher cost production like continental resources. Those mid size and much Smaller Companies that have seen their debt and equities collapse, those ive got to get more concerned about. Great to see you. Thank you. Greg zuckerman of wall street journal. Just like the housing bust. Its going to take here. One, we are witnessing the disintegration of opec. They are no longer a player in the market any more. Saudi is not going to cut with a strong dollar, oil goes to 20 and stocks like clr get decimated. Are banks stuck trying to prop up these companies . Weve seen the recount get decimated. The ones left are most productive. The output hasnt gone down as much as it needs to. I would be concerned if i were a bank that had a lot of energy exposure. Exxonmobil is below 80 now and seems cheap. Its not cheap on valuation. Yes, they will survive low energy prices. That doesnt mean the stock will go higher. Exxon still goes down. Janet yellen speaks about transitory prices for crude oil. Unless the definition is its going lower, shes got it dead wrong. Im in the bk camp. New alert on viacom. Julia boorstin in los angeles has the details. Thats right. The latest following the lawsuit against sumner redstone. Calstrs which owns just over a million nonvoting shares of viacom is calling for the company to do away with its dual class structure. Telling me, the dual class structure insulates the board from accountability. We think there should be a one share, onevote capital structure. He calls the dual class structure as an entrenchment mechanism saying there is no incentive for viacom to do away with it. This follows yesterday Mario Gabelli who is the second largest owner of viacom shares demanding more disclosures about Sumner Redstones health. This was kicked off by Sumner Redstones exgirlfriend suing him saying he was mentally incompetent. Well have to see how this pans out over the next couple of months as the trial develops. Back to you. Fascinating story. Thank you. How difficult is it to get rid of a dual class structure . Yeah. Why should i . Exactly. There is so much going on there. They should get rid of that structure. It weighs on the valuation of the company. I think they feel like theyve got other stuff to deal with right now. Earlier we were talking about disney. Disney had a bad day today. Was down a couple percent. Guy said 105. December 18th, im gigged up about it. Its somebodys birthday. Trade school. Im going to go see star wars and watch all eight on my birthday. Can i make my point . Go. We were talking about that move from 110 back to the highs. If you get the stock back at 105 before that event, i think people will start modeling out what Everything Else looks like. One movie a year for the next five years. Thats where you buy disney. Are there really eight star wars movies . Eight, nine. I love them all. That Drew Barrymore cameo in this one . Youtube isnt just for viral videos any more. Details on the plan to take on the biggest giants of streaming. Are the gold bulls back . The bond king bill gross releasing a new note saying Central Banks are acting like casinos and are about to run out of luck and was filled with quotes like this one, something can be either here or not here he depending on whether youre looking. That got us thinking about the offbeat things bill gross said over the years. Deep thoughts by bill gross. When the tide goes out, you get to see whos swimming naked. Pimco has had its bathing suit on for a long time. Whenever i read the newspaper, i say to myself, at least my wife loves me. A sneeze is, to be candid, sort of half erotic, a release of pressure that feels oh so good either before or just after the achoo. Some of the weirdest stuff ive ever heard out of an investment letter. Wrong on so many letters. Disturbing. Maybe its driving home the point this is what raoul pal was talking about, all the uncertainty, governoriness or whatever. Ecb highlighted that. One thing ill say, i dont think the fed would be so nuts to cause this sort of reaction that we saw in the dollar today in one day. Hes just trying to get a little attention. Half erotic . First time i heard of that. Doesnt the fed, is he meaning to say they are like a gambler or casino . The casino always wins. I took it that the casino is always extending credit to you. They want you to play the game. Okay, okay. Saying take off risk at this point. We talked about on monday. We said headline risk. We thought the s p could trade 2134. I think the 2019 is a critical level of support. Well see what happens over the next couple of days. Interesting though. The whole my wife loves me, he should have said, my dog loves me. At least thats true. Wife, you never know. Thats your experience. You want to know who loves you . Put your wife and dog in the trunk of your car, come back two hours later and look and see who is happy to see you. There you go. Thats true. Do not do that. Gold and gold miners with the weaker dollar sparked a flurry. The gdx had a decent day today. Gold was up 1 of its highs today. Call volume was seven times that of put. There was a june expiration that caught my eye. There was a buy of 20,000 of the june 15 20 call spreads. Breaks even at 16 on june expiration up about 18 . You think about that, thats 42 from here. If you want to look at this chart, this is the four year chart of the gdx. Its down about 80 from its highs in 2011. In this decline, theres been, and ive got to mention this, Larry Mcdonald had a strategy and brought this up earlier this summer. Throughout this down trend from the highs, there have been four countertrend rallies of at least 35 . We just had our latest here. This trade out to june is targeting a very similar rally in the gdi, up to about 20, 40 higher here. You really got to get the timing right on Something Like this because if you get it wrong and it makes lower lows, you are going to end up owning expensive outofthemoney premium. History tells you this has countertrend rallies that rip. Get the timing right. If you think gold is going higher, and it looks like it bounced off lows here, gold miners are the way to trade it. In this environment, one of their biggest input costs is diesel fuel. Lower oil prices is good for the gold miners. They started to outperform gold a little bit. They are up over the last month better than gold has been. Why are you laughing . The only time my wife watches is when i say something. She said that would be the last thing i ever do. Damn straight. Check out the full show tomorrow at 5 30 p. M. Eastern time. Youtube taking direct aim at netflix and amazon. Are they too late to the game . Fitbit holding the top spot in the wearables market. How the ceo is keeping apples watch at bay. Here at td ameritrade, they work hard. Wow, that was random. Random . No its all about understanding patterns like the mail guy at 3 12 every day or jerry, getting dumped every third tuesday. This happens every third tuesday. We have Pattern Recognition Technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. Theres no way to predict that. For all the confidence you need. Td ameritrade. You got this. Hi watson. Annabelle, your birthday is tomorrow. Im turning seven. What did you ask for . A princess. And a pony. You like things that begin with p. I like pink frosting too. Will you have a cake . Yeah. I was too sick to have one last year. The data your doctor shared shows you are healthy. Are you a doctor . No. I help doctors identify cancer treatments. I want to be a doctor someday. I can help with that too. Watson, i like you. Welcome back to fast money youtube is seeking streaming rights to tv shows and movies. Julia boorstin is in l. A. With the story. Sources tell me youtube execs have been making the rounds in hollywood to discuss securing more content. Now that its adfree Subscription Service puts the company into competition with netflix and amazon prime. Even the likes of comcast watchable video app. Youtube execs are talking to certain media giants about ways to beef up the content offerings that could include licensing shows other more original content for the Youtube Service which launched in october. That offering is 10 a month for an adfree version of youtube and access to googles music Subscription Service as well as exclusive content from youtube stars starting to come next year. One media giant tells me they are not in any talks with youtube. Another source tells me youtube is having talks about them about creating a skinny lowcost bundle that could include live broadcast tv channels as well as youtube content. With netflix, amazon, hulu and youtube ramping up investment, the market for subscription adfree services is getting more crowded. They are up against each other as well as traditional tv bundles. Battling for consers time as well as subscription dollars. Youtube has been laying the ground work for more premium style content including youtubes hire of Suzanne Daniels who is mtvs former programming chief this summer and former netflix content exec Kelly Merriam late last year. For more what it could mean for amazon, lets bring in rich greenfield. Do you think people are going to pay 9. 99 for that service, even if youtube does provide original tv content . Just like spotify in the music world, people will pay for offline access. People definitely will pay for removing commercials. Youtube has well over1. 4 billion users. Even if just a small fraction pay, that creates a very large subscription business. 2 would be probably 28 million to 30 million Global People paying on a monthly business. Any distribution business looks at distributing other peoples content and moves up into financing original content, whether youre a Cable Network or netflix. I think its a natural progression. The only major question outstanding, how soon do they move from financing new content to new what you would call traditional talent would you create out of Sony Pictures or out of 20th century fox. What impact, if any, is there on a netflix or amazon . It sounds like one of the effects could be just that content costs are going to rise. Netflix is going to spend more than 3 billion this year. Amazon and hulu spending 1. 5 million a piece this year. Are we going to see numbers go up because you have deeppocketed youtube making bids for potentially the same content . There are two things that will happen. One is that the cost of Library Content will go higher. Thats why youre seeing theyre all shifting from financing or acquiring legacy content that they can show as reruns to creating original programming. Everyone is trying to create their own inclusive programming. Those costs are going to go up. Reality is netflix will spend 5 billion next year. We are talking about youtube or google looking to begin the approach. I dont think we are talking about billions yet. They have that potential over time. The key is that youve got 100 million households spending on average 80 a month for the traditional tv bundle. As that starts to crack apart, there are a lot of dollars that can flow to these platforms. A lot of consumer ad spend and watch time up for grabs. That will be driven by investment Quality Programming you and everyone else watching tonight wants to pay to watch. Rich, well leave it there. Good to hear from you. Thanks for having me. Im not certain thats what the consumers want. They want a massively fragmented traditional media platform and want it online and paying 8, 10 for all this different stuff. I think all this will be rebundled. I think this is a massive unbubbling here, people. I think netflix will have a hard time. Alltime high 150 on the year. Have a ball. You didnt mention apple. Apple will get into this game, too. And there are wellfunded players. We dont know how this will shape out. Content costs will go up. Everything that dan said at the end will be negative for netflix. I agree. What theyve done is a giant land grab weve been talking about for years. Netflix traded 900 today if you back out the split. Numbers nobody ever would have thought traded 132. 30 today, alltime high. I think it goes higher. Its a netflix world and we all live in it. Theyve taken one wrong step in the last six years and paid for it. They havent paid for it since. At some point, competition matters. When youre talking about content, im indifferent whether i hit a netflix app or nbc app as long as i get the content i want. Eventually will matter to netflix. Knock yourself out. Buy netflix, but not with bks money. Fitbit holding on to its top spot in the wearables market. The ceo spoke to jim cramer moments ago. We are a wearables company, but more importantly all about Digital Health and wellness. Im excited about what we will launch in 2016. Well have products with more sensors, algorithms, more focus on fashion. Most importantly, there will be a lot of improvements to the software that give people deeper insights, coaching and guidance. Catch the full interview tonight on mad money with jim cramer. Traders tell what you they are watching tomorrow. And then santas workers zapped it right to our house. And thats how they got it here. Cool. The magic of the season is here at the lexus december to remember sales event. This is the pursuit of perfection. It is time for final trade. We were talking about the u. S. Dollar. Sets up as a deese end long in the mid point of the sixmonth range. 25. 50. Long march calls to play it. I might be a little early. When you see oil start to go back down because it will, buy psx. We talked about it earlier. The xpi, ibb, stay away. The game is over for now. Dan went to that smart board. Are you in the doghouse . Dog house. Literally. To get more granular on the gdx, we talked about newmont mining, up again today. It will get you done, giddyap. Im melissa lee. See you tomorrow 5 00 for more fast money. Big interview with the ceo of y. Jim cramer on mad money starts right now. My mission is simple. To make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere. My job is to help you find it. Mad money starts now. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to save you money. My job isnt just to entertain but to educate and teach you. Call me at 1800743cnbc. Or tweet me jimcramer. Sometimes, not often, but sometimes we get a day where its just too crazy to buy stocks and really easy to sell stocks