Web Extra: Why U.S. Steel Earnings Don't Matter
Tonight's Web Extra edition takes a spin through Fast & Furious.
Fed Meeting: Jeff Macke ranks the apathy level for this week's meeting as.... pretty bad...
Earnings: Guy Adami says that U.S. Steel earnings don't matter. Nucor reported a good quarter and earnings didn't matter for them and it won't matter for letter X as investors continue to liquidate long positions.
Pharma: Pete Najarian thinks pharma is cheap and only getting cheaper. They have lots of cash on the sidelines and nothing to do with it right now. It's a bit of a frustration. Najarian is waiting for Pfizer to do something one of these days, but finds them not to be very interesting.
Home Front: Karen Finerman thinks the Case-Schiller home sales numbers will be a disaster, but the market probably has the news priced in already.
Happy Birthday Bill Gates: Mr. PC turns 53.
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Trader disclosure: On Oct. 27, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU)(BTU)(C)(GS)(INTC)(MSFT)(NUE) -- Macke Owns (MCD)(WMT)(MSFT)(SDS)(UUP) -- Pete Najarian Owns (INTC) And Is Short (INTC) Calls, (MGM) And Is Short (MGM) Calls, (MS) Put Spread -- Jon Najarian Owns (UBS)(FCX) Calls, (SU) Calls -- Finerman's Firm Is Short (IYR)(IJR)(MDY)(SPY)(IWM)(BBT)(COF) -- Finerman Owns (GS) -- Finerman's Firm Owns (JNJ)(MRK)(MSFT)(SUN) -- Finerman's Firm Is Short (USO) -- Gartman Owns (FXE) And Is Short (FXY) -- CIBC Gartman Index Is Long The Australian Dollar And Is Short The Euro -- Pado does not have disclosures on: S&P 500, RTH, QQQQ, GS