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No. 2 - Sounds Like A Drag

During this credit market fueled selloff of the past month, which group of stocks were the worst performers? If you thought the answer was the financials, you were...wrong. The correct answer? Material stocks

The Standard & Poor's Materials SPDR (XLB) is down 15% over the last month, compared to a 13% slide in the financials.

Tim Seymour believes that rising credit costs could squeeze global growth and consequently drag down the materials sector. When combined with China’s inflation and recent M&A takeover fever; materials sector stocks could be facing some challenges.

Pete Najarian says names such as Dow (DOW), Dupont (DD), Alcoa (AA), Monsanto (MON), Freeport McMoRan (FCX), US Steel (X), Nucor (NUE), and Companhia Vale do Rio Doce (RIO) have all been murdered.

Jeff Macke says there’s a disconnect between the global economy and the current value of many materials stocks.

Guy Adami suggests materials names might be getting close to a bottom.

Tim Seymour agrees.

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Trader disclosure: On Aug 15 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money Macke Owns (EMC), (JWN) Najarian Is Short (CFC), (GS), Seymour Owns (X), (EEM), Seymour Is Short (LEH), Red Star Asset Management Owns (MBT), Red Star Asset Management Is Short (EEM)