'Fast Money' Portfolios of the Week - TheStreet

Updated from 7:02 a.m. EDT

The financial markets are in turmoil! This week, investors have seen the collapse in share prices for

Lehman Brothers

( LEH) and

AIG

(AIG) - Get Report

and a sharp one-day drop of more than 500 points in the

Dow

. Despite the market chaos, the traders of

CNBC's

"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

Fortress

(FIG)

; unfairly punished stocks, including

Amgen

(AMGN) - Get Report

; and the financial winners, including

Goldman Sachs

(GS) - Get Report

. Here are some highlights from over the past week as aggregated from the show.

To find out what the crew's been recommending, please click here.

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

Stockpickr

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

Financial Times

and the author of

Trade Like a Hedge Fund

,

Trade Like Warren Buffett

and

SuperCa$h

. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

click here

to send him an email.

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