'Fast Money' Recap: That Sinking Feeling

The markets ended on a sour note Friday as they fell for the fourth consecutive week.

The Dow Jones Industrial Average lost 36.65, or 0.45%, to 8,146.52, while the S&P 500 dropped 3.55, or 0.40%, to 879.13. The Nasdaq added 3.48, or 0.20%, to 1,756.03.

Guy Adami said on CNBC's "Fast Money" TV show that he was disappointed with today's market action, saying it would make it difficult for the market coming into next week. He said he would have preferred the S&P to have tested 870 and close above 885. "Now we're in no man's land," he said, adding the index appears to heading down to 830.

Tim Seymour agreed, saying some big brokers told him today that 40% of the flows were on the short side. He said the ammunition for taking the market higher is not there.

Joe Terranova said the market was affected by the disappointing consumer confidence numbers today as well as the troublesome unemployment data earlier in the month.

Karen Finerman said she didn't put too much stock in the consumer confidence data because it represents only sentiment and not tangible factors like sales and inventory.

Terranova said the S&P can get back some of its momentum if oil prices stabilize. Crude, which dropped 10% this week, fell today to $59.89 a barrel.

Melissa Lee, the moderator of the show, brought in Jim Goldman, a CNBC reporter, for a preview on a slew of tech earnings next week. He said investors should closely watch what IBM(IBM Quote) says about its services division because that will be the "key to where it goes."