Recession concerns helped push the S&P 500 to 14-month lows on Wednesday. The Dow finished down 34 points and the NASDAQ closed down 23 points. The crew at CNBC's "Fast Money" analyzed the current bear market and brought in Whitney Tilson and Carter Worth to get their points of view.Karen Finerman thinks the selloff is getting over done and she disclosed she bought Tesoro ( TSO) Wednesday. She also disclosed she bought options for the Morgan Stanley Retail Index that expire Friday. Finerman worries that the jobless claims could really hurt the retailers. Jeff Macke mentioned that financials and retail stocks were strong on Wednesday, but the market couldn't rally. To Macke, this means the market is facing bigger issues. Pete Najarian disclosed he took off a long put position in the refiners.
Najarian suggests shorting Monsanto and going long Mosaic ( MOS). He also thinks that Dupont and Anderson ( ANDE) could be safe places to hide in the ag sector.