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Bored with Yahoo's Board - Fast Money Recap (5/6/08) |
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| May 07, 2008 02:08 PM UTC |
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Tracked Blogger
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Via Short Stock Ideas from Seeking Alpha:
Market Overview: Burlington Northern Santa Fe (BNI), Google (GOOG)
Friday’s selloff saw the Dow stumble 1.22%, the S &P fall 0.8% and the Nasdaq trading down 0.3%. Guy Adami says the market hasn’t bottomed yet, but continues to like railroad stocks like BNI as well as natural gas. Najarian noted Google’s spectacular $40 drop and said the tech horsemen need a rest. Jeff Macke wouldn’t buy stocks unless they fall on a panic. The group looked at the Volatility Index and Najarian said when there is a big move in the VIX, it will be time to buy.
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