Matt, a senior at Penn State is irate. He joins the conversation and says “The stock continues to slide taking my money with it, Karen. I’m ready for a divorce from you and this stock!”
Finerman says I look for valuation in a company. Home Depot has valuation. I still believe that when you can buy a premiere franchise at a valuation like you can here, that’s something I want to own. I’m sticking with it! This is a long term relationship.”
On September 13th, The Lone Wolf growled at a Detroit auto-maker. At the time he said, “The idea that General Motors (GM) benefits from settling with their union - not so much a fresh insight folks. Sell GM!"
Maybe it wasn’t fresh - but it was certainly effective. Shares of GM zoomed 15% higher since the call.
Today Macke says once GM settles it’s union problems investors are left with a bad car company!
On Monday September 17th The Negotiator weighed in The Fed decision and said, “If they cut by 50 bases point – I anticipate a panic move. The market might knee-jerk higher – but ultimately it goes lower.
The large rate cut sparked the best two-day rally in four years.
Amanda, a Fast Money viewer from Wash DC joins the panel for an update. She says “Guy, normally I’m a fan. But after following your advice I can’t afford it anymore.”
Adami tells her he was wrong. “It was a bad call.”
And finally, September 13th – turned out to be an unlucky day for The Pit Boss. He got religion and presented a Talmudic trade. He said, “Sell Rosh Hashanah. Buy Yom Kippur. When in doubt, palms out!” (That means sell options).
Well Yom Kippur - The Jewish Day of Atonement is upon us - and the market has rallied nearly 4% leaving Pete with some atoning of his own to do.
Today Najarian says he was only sharing an expression often heard on the floor.