What’s the best way to trade surging volatility in this unfriendly market?
Take a look at online brokers Charles Schwab, TD Ameritrade and Knight Capital , Pete Najarian said. These names are performing well but being sold anyway since anything retailed to financial services seems to be getting thrown out. As long as a market decline doesn’t last more than a few months, Pete thinks these three names remain tradable.
Guy Adami doesn't think “fallen angel” Goldman Sachs should be sold off in the same way that traders are selling Merrill Lynch, Bear Stearns and Morgan Stanley . Don’t expect those kinds of write-downs from Goldman, he said.