According to Strategas Research, typically the S&P climbs over 7 percent in the year following this cross.
What's the takeaway?
We had a death cross a while back and the market shot higher, reminds Guy Adami, so I can’t get all bulled up on the golden cross.
Click here to go to "S&P in Grips Of Death Cross?" written on July 1st
-------
M&A TRADE: SEARCHING FOR A DEAL?
Shares of Yahoo! spiked Thursday after the Wall Street Journal reported a group of private equity firms may bid for the Web company.
Specifically the paper reported that Silver Lake Partners and Blackstone Group LP are exploring a bid in conjunction with AOL. The report also said Yahoo hasn't been involved in the talks yet.
Both AOL and Yahoo have declined to comment.
What’s the takeaway?
Find out what Jon Najarian has to say about M&A. Click here to go to “Jon Najarian: 4 Possible M&A Ways To Play”
-------
SCHOOL OF HARD KNOCKS
More pain for the school stocks on Thursday after a slew of analysts took down their numbers on Apollo after the company pulled its 2011 outlook given the uncertain regulatory environment.
Hear from one such analyst, RBC's Bob Wettenhall. Watch the video above!
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.
Trader disclosure: On Oct.14, 2010, 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), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Cortes is short (BAC); Cortes is short (BIDU); Cortes is short the U.K. Pound; Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST)
For Steve Grasso:
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (OPEN)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)
For Mark Mahaney
Citigroup owns 1% or more of (YHOO), (AKAM), (NFLX)
Citigroup makes a market in (GOOG), (AMZN), (PCLN), (YHOO), (AKAM), (NFLX), (OPEN)
In the past 12 Months, Citigroup acted as manager or co-manager of (PCLN) and has received investment banking compensation
Citigroup provided non-investment banking services and received compensation from (GOOG), (AMZN), (YHOO) in the past 12 months
For Robert Wetenhall
***No Disclosures***
CNBC.com with wires.