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Fast Message – We Answer Your Questions

Time to sort through the Fast Money inbox and answer more of your questions.

Gordon writes, “Is 1390 on the S&P low enough to move the next support level - having passed through the 1400 double bottom?”

I think we are broken on the S&P replies Jeff Macke. I expect to see 1370.

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Rob writes, “What single play is considered the most defensive by each on your panel?”

Najarian – MacDonald’s

Finerman – Altria

Adami – Johnson & Johnson

Macke – Merck (MRK)

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Trader disclosure: On Jan 8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (SWY), (INTC); Najarian Owns (BIIB), (MCD), (MSFT); Najarian Owns (AAPL) Options, (CFC) Options, (VLO) Options, (YHOO) Options; Najarian Is Short (WM) Through Options; Finerman's Firm Owns (CROX), (DVA), (GS), (YHOO), (DSW); Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (SPG), (TCO); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options

Symbol
Price
 
Change
%Change
S&P 500
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JNJ
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MO
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MRK
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MCD
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