DOW LOSES 120
The headline:Dow Notches Biggest Two-Day Decline Since February
The word: Eric Bolling says he’s not worried – he’s been calling for a correction. However, he expects to see continued selling and consequently he’s short the S&P and NASDAQ. Pete Najarian adds he saw many more investors buying puts than calls. Guy Adami expects buying opportunities next week in Hewlett-Packard (HPQ), Boeing (BA) and Lockheed Martin (LMT) and Dell (DELL). Jeff Macke plans to get long slowly.
MORGAN STANLEY'S INFAMOUS INDICATOR:
The headline: Morgan Stanley (MS) Warns Of European Correction After First "Triple Sell" Signal Since Dot-Com Bust... European Stocks Always Fall In The Next 6 Months Following Morgan Stanley's Rare "Triple Sell" Call
The word: Eric Bolling says historically, 2 out of the last 3 times this has happened weakness did not spill over into American markets. Eric adds the CBOE Volatility Index exploded today.