Fast Money

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Fast Money

Back To Credit Crunch Lows


Will brutal bank earnings cause the stock market to fall back to its August credit crunch lows? And what do the charts say about this earnings-fueled sell-off?

Oppenheimer Chief Market Technician Carter Worth joins the panel for this conversation. Following are excerpts.

Worth shows the panel a chart of the stock exchanges from the G7 nations and says the pattern suggests to him that there might be more trouble ahead. On a technical basis Worth thinks the S&P is ready to roll over. “We appear to be headed for a global recession," says Worth.

For more of Carter Worth’s technical analysis of the markets watch this video.

Tomorrow's Trades #1

Back To Credit Crunch Lows

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Trader disclosure: On Oct 24, 2007, 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 (DIS), (INTC), (ATVI), (YHOO) (EMC); Najarian Owns (C), (DISH), (EMC), (MSFT), (YHOO), (SNDK), (GOOG); Finerman Owns (GS); Finerman's Firm Owns (ASD), (BIIB), (CTX), (MSFT), (NYX), (NMX), (TGT), (WMT), (PLCE), (MO), (C); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (HD), (C), (FLS), (KALU)