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'Fast Money' Recap: Gold No Safe Haven

Looking at some names that bucked today's slide, Lee mentioned some retail names, including Macy's (M - Get Report). Finerman said the retailer looks very good, despite seeing its stock down for the day. Gartman said high-end spending will probably be curtailed on the heels of the market crash. "The world has changed a lot."

In the final trades, Kinahan said he was a seller of Apple 300 puts. Seymour said he liked the gold miners. Nathan favored collaring long positions in SPDR Gold Trust (GLD). Finerman reiterated her preference for Disney. And Gartman suspects the Bank of Japan may intervene, in which case he would sell the yen short.

--Written by David Tong in San Francisco.

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SYM TRADE IT LAST %CHG
GLD $108.65 -0.05%
BAC $16.30 -0.40%
DIS $102.30 -0.18%
GS $189.65 1.00%
M $58.69 -0.53%

Markets

Chart of I:DJI
DOW 16,596.41 -46.60 -0.28%
S&P 500 1,976.69 -12.18 -0.61%
NASDAQ 4,801.9720 -26.3530 -0.55%

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