Updated from 7:02 a.m. EDT
The financial markets are in turmoil! This week, investors have seen the collapse in share prices for
( LEH) and
and a sharp one-day drop of more than 500 points in the
. Despite the market chaos, the traders of
"Fast Money" have been prepared and have offered up timely advice to their viewers.
The gang has been all over the collapse in the financial stocks. On numerous occasions, the traders advised viewers to stay clear of the sector or even to bet against some of the names that have now plunged to single-digit levels. No matter which way the stock market is trending, the gang is experienced enough to know how to play it.
The gang recently highlighted trading ideas that play off forced hedge fund selling, such as
; unfairly punished stocks, including
; and the financial winners, including
. Here are some highlights from over the past week as aggregated from the show.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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