The markets tanked Thursday on a miserable jobless report. The Dow Jones Industrial Average slid 223.32, or 2.63%, to 8,280.24, while the S&P 500 lost 26.91, or 2.91%, to 896.42. The Nasdaq fell 49.20, or 2.67%, to 1,796.52. Tim Seymour said on CNBC's "Fast Money" TV show that the market never recovered from the bad data in the morning. He said it was not only the severe job losses but also the fact hourly wages were down year over year, a shorter work week and the sense that the consumer is not recovering. Guy Adami, who has been pessimistic about the market recently, again predicted that the S&P will trade down to 870. He said the energy and commodities trade is not boosting this market anymore, and there are indications that tech is losing traction.. Joe Terranova said flatly that reflation trade is over and that the catalysts for next week's market will be the earnings in the tech and financial sectors. Seymour said he doesn't think the situation is that dire yet. He say he is encouraged by a pickup in auto production and the Institute for Supply Management numbers earlier in the week. Melissa Lee, the moderator of the show, asked the panel for their thoughts about the earnings for the oil companies with crude declining. Najarian sounded the alarm on Hess ( HES), which was down 3.76% today. He said Hess has "broken down" and was the target of massive put buying today.