Fast Money Recap
'Fast Money' Recap: A Resilient Market
In perusing today's horrible jobless data, Karabell noted that those still working are at the higher end of the income level and have seen their wages go up in the past year. Seymour expressed doubts about the assertion, saying the falloff in employment across all sectors have left employers in the position of paying whatever they want to pay.
Lee invited Jim Flaws, CFO of Corning(GLW) to discuss his company's optimistic projections of flat-panel TV sales. Flaws said flat-panel TV sales were up 37% in the U.S. in December, following a similar pattern overseas. He said the retail demand for TVs and notebooks is strong and that the supply chain contraction has ended. He said his company expects a rebound in LCD sales in the second quarter. In the final trades, Karabell was for SPDR S&P Metals and Mining(XME). Adami liked Gap(GPS). Seymour liked Turkcell(TKC). And Najarian is a buyer of Harley Davison(HOG). "Check out "'Fast Money' Portfolios of the Week" on Stockpickr every Thursday.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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