'Fast Money' Recap: Clorox Shines

NEW YORK (TheStreet) -- The markets ended the day in the red, after some disappointing manufacturing data.

The Dow Jones Industrial Average dropped 2% to 9,509.28, while the S&P 500 sank 2.5% to close at 1,029.85. The Nasdaq fell 3% to 2,057.48.

Stocks started the month and the fourth quarter with the biggest drop since July. "No matter how you dice it, today was a lousy day," Guy Adami says.

And he doesn't expect tomorrow to be much better with job numbers coming out.

Goldman Sachs downgraded the job report, now expecting a loss of 250,000.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Despite the downturn, there were some big companies that were worth picking up. Karen Finerman bought Clorox(CLX Quote) today as a defensive play, saying there is not a lot of down side for the company.

Goldman Sachs (GS Quote) fell under $180 a share today and Adami says he sees it going down to the $160s.

The three biggest winners in the third quarter -- financials, industrials and materials -- were the hardest hit today. "Those areas are over-owned," Adami says. "It was easy getting in, but it won't be easy getting out."

Financials were down 4% on Thursday after closing up 25% in the third quarter. The true test will come in two weeks when the bulk of these companies report quarterly earnings. "[Results] will give the market leadership or Debbie Downer will take over," Finerman says.