Yahoo's Raw Deal - Fast Money (5/19/08)

Recap of CNBC's Fast Money, Monday May 19.


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Blame it on Oil?

Pete Najarian said stocks were “decimated” on Monday and volatility is high. He thinks high oil prices might be taking their toll. Macke, however, thinks the market needed to roll over and isn’t surprised at the action given summer options expiration. Karen Finerman thinks oil prices will fall, and Najarian agrees, since the consumer will eventually tire of high prices at the pump. Guy Adami also sees a rollover for oil and noted the transport sector did well in spite of rising oil. He reiterated his prediction for a second-half of the year recovery and Macke says it is time to be long the market, since the S&P is hitting its 200 day moving average.