The action begins right now. Spending all my nights all my money lets go right to it. The bear had reason to run scared maybe its this. Check out the transports. The economically Sensitive Group of stocks touching a year to date high today. Is this a sign that maybe things are on firmer footing . Dan what do you think . No doubt about it. I think you can take the price action year to date and say this is a group thats one of the worst performing groups late in 2014 and topped out and spent most of the last year trending lower top left to bottom right and heres the thing. This years improvement doesnt seem to me anything based on anything fundamental and when you think about some of the stocks that make up the group, shippers and rails and airlines, that sort of thing, i actually see a lot of economic headwinds to these companies right now. So the fact that they have outperformed in a yore thats been kind of dicy is really it really doesnt make me warm and fuzzy about it. And i think it
John kerry will travel to brussels on friday to express his condolences and meet with belgian and european officials. Belgium is holding a mass vigil outside the brussels stock exchange. They left flowers and lit candles for the victims of the bombing attacks. This as the country began three days of mourning. You are up to date. Fast money starts right now. Fast money does start right now. Live from the Nasdaq Market site overlooking new york citys times square im melissa lee. Our traders on the desk are tim seymour, david sieberg, Karen Finerman and brian kelly. Tonight on fast something happened in the market and its eerily are reminiscent of the moves right before the august swoon. What that is and how you can protect us and is perma bear peter schiff about to come out of hibernation . Marc faber turned bullish yesterday and could sciff follow soon . One thing you need to know. Today the story was the volatility in oil, gold and bonds all seeing extreme moves and all coming as the s
System, and do you know how to buy shares of mcdonalds for just 6 bucks . Well show you how. The action begins right now. Lets get right to it and with todays rally stocks posted their longest weekly winning streak since october and driving the surge a breakout in crude which is up more than 40 from its february low. Is this rally sustainable . Lets get in the money right now. Mike, what do you think . You know, i think its kind of interesting here because the fundamentals for crude really arent that strong, right, so i think everybody had basically said this thing was going to go to 20. There were people talk become it going even lower than that and even with modest level declines were seeing builds week over week. I feel like we may have come too far too fast and bear in mind with 530 Million Barrels in store which are basically near alltime highs and in truth only 30 days of consumption for the united states. A really volatile commodity and thats why we basically use a lot what have
There. These are the hideout stocks. Hey, im always nervous. What do you say . Yeah. Three names. Look for names that have done pretty well over an interesting last month and the three that come to mind for me are cocacola, which is making alltime highs. No triple tops so coke is in the next range. A lot of analyst upgrades into their earnings in a couple of weeks. Home depot which seems to do everything right. Had a big selloff. Coming back now and i think facebook is going to knock the cover off the ball when they report in three weeks so names that have done well despite market volatility, thats where you like to be. Do you like those names, pete . I love growth. I love value, i like all three but im going to add a couple more. Really . Youre exactly right on cocacola. Ive been owning that stock for a couple of years. I think some of the investments outside of the koala world is part of the reason why i like them so much because they needed to do that. They have done that and i thin
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 c