DOW GETS POUNDED:
The headline: Dow Drops 148 Points on Housing, Subprime Fears... Brokerage Stocks Drop the Most Since March... Bernanke's Tame Comments on Inflation Fail to Stem the Selling
Jeff Macke says Sears (SHLD), the homebuilders and Home Depot (HD) dragged the market lower, Tuesday.
Eric Bolling says in this environment he likes USG Corp. (USG) for gypsum. Karen Finerman agrees but thinks they’re going to miss estimates.
Pete Najarian says on Tuesday volatility spiked which says to him that there’s fear in the market.