Updated from 7:03 a.m. EST
The traders of CNBC's "Fast Money" have never seen such extreme volatility in the U.S. stock market. They are amazed almost on a daily basis the stock market's wild behavior, and they know that the craziness creates opportunity. Stocks are being driven down to levels that could represent some real value. Some stocks are being beaten up so badly that they now trade below cash value.
The traders know that these market conditions will not remain forever. Savvy hedge funds will return to the market and start buying into stocks that everyone else hates. Value players will begin to dip their toes back into the market. Traders will load up on stocks that will benefit from the current economic crisis. Blood is flowing through the streets of Wall Street and the crew is ready to find the right stocks to make some "fast money" with.
The gang recently highlighted trading ideas that play off the beaten-up commodities market, including Silver Wheaton(SLW Quote); problems in the credit card market, including MasterCard(MA Quote); and the auto sector, such as Ford(F Quote). Here are some highlights from over the past week as aggregated from the show. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
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