Now the good news. Despite the credit crisis there are still trades to be had. Here's how the Fast Money traders recommend playing this tape.
I like Staples , Burlington Northern and McDonalds , says Jeff Macke. And I’m staying away from the car makers and airlines.
Look at Intel , adds Guy Adami. It’s trading at its lowest levels since October of ’96.
I like Diageo and Phillip Morris for good cash flow, says Karen Finerman. And I’m watching the food space and the grocery space.
In this volatile market I’m going with Charles Schwab which should profit from volume, Pete Najarian says.
See other "Fast Money" Final Tradeposts.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
Trader disclosure: On Oct.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 (MSFT), (WMT), (BNI), (MCD): Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL) And (AAPL) Puts; Najarian Owns (FCX) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (MS), Owns (MS) Puts, Is Short (MS) Calls; Najarian Owns (NOK) And Is Short (NOK) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (WB) Calls; Najarian Owns (XLF) Call Spread; Najarian Owns (IWM) Puts; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (DEO), (PM), (MO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (COF), (BBT), (USO)
Charles Schwab Is A Sponsor Of "Fast Money"