MARKETS GONE WILD
Dylan Ratigan:“The markets can stay irrational longer than you can stay solvent” Don’t be a hero, you could be right and lose all your money before you are proven correct. So what’s an investor to do ? what’s your move when the markets go wild?

Bolling: Day 3. Interesting day. 3 AM 70 points lower, 8 o’clock un changed, 9 o’clock 100 points lower, 10 o’clock 200 points lower. Stopped trading at 10:30 am. Gasoline is going keep your eyes on itTesoro (TSO)

Strazzini: It was clear that it was over sold to begin with, there weren’t enough reasons to sell lower. We didn’t get a lot of transparency over night, there are still a lot of real cracks in the system.  There are still other things that come out in the next couple weeks that can lead us lower. There just weren’t enough reasons to sell lower today. What we saw it that it can easily drop 200 points without any news.

Liesman:S & P 500, the Yen has been the conduit. Japan make comments about the Yen. The Yen has been the conduit, the way in which the contagent has been spread around the world. What happened tuesday, China sold off, Yen appreciated. Today the comments out of China, the Yen appreciates, Europe weakened, SMP futures weakened, bombs reality and then the ISM came out and everything was ok.

Macke:Market much less stable then it was 3 or 4 week ago.

Merrill Lynch Stability Stocks List: AIG, Pepsico, Citigroup, CP, Walgreens

Macke:Data mining does not float my boat. He went back 5 years, defines stocks that performs in 2001. That’s not my list. Who ever performs best, buy on the dip.

Adami:I keep seeing traders frozen in front of their computers. It seems like nobody knows what to do right now. Looking at 3 stocks: Boing (BA), HP (HPQ), and Goldman Sachs (GS). Every couple days, buy 15 % of my 100 allocation. At end of march, april I will have a nice porfolio. The none sense will be over by then.

NUMBER 2: Warren buffet, a pillar of strength amid corrections and crashes, discloses 5 new stocks.

Buffet’s Greatest Investor of all time buys: Johnson & Johnson, Posco, Tesco, US Bancorp, USG, ConocoPhillips (COP).

Macke:Do you trade aloing with the oracle of omaha?

Bolling:He like #1 low keys. Hot road to steel.

COP is up 7% over the last year.

Adami:I like J & J.

NUMBER 3: Hillary tries to exploit market pain for political gain

Hillary’s market theory: what caused this market turmoil. 48 to 72 hrs should be a real wake up call for our country. Level of public debt that is now held by central banks and foreign countries is a problem.

As investors puzzle over market turmoil, Hillary Clinton says she knows what’s wrong. What’s your trade as Hillary sounds the excessive borrowing alarm?

Adami:Hillary’s had success trading cattle futures… She should come on the show.

Last night’s fast money poll: Intercontinental exchange (ICE) #1 pick for best play in the correction.

Street Fight: The Market Roller Coaster: The Guys VS Greenberg

Greenberg:The market is just starting. It wants to go down. Forget subprime blowups… midprime loan defaults are rising.

Flash back: Bolling on subprime lenders.

Bolling:Default problems seem to be limited to the subprime lenders. I trust Ben Bernanke over greenberg when it comes to these issues.

Greenberg: It’s not so easy anymore to use your home as a personal ATM.

Bolling:Default problems seem to be limited to the subprime lenders.

Greenberg:Home owners will have less money to spend once loan standards tighten up.

WORD ON THE STREET

Panic at the open. Cashin’s word of wisdom. Like kising your grandmother: comforting but not exciting. Inflation scare. Some good news… Heavy hitter stepping in. Global piggy bank breaking. Rally from the depths. Just short of the black.

Strazzini:AIG earnings surge. AIG 4th qtr profits rise almost 8 fold, boosting shares. They have a lot of revenue streams. Several billions of dollars. A positive on AIG. Great and safe way to play China. They are going to have a huge presence there. I still like buying their stocks.

Macke:Dell shares fall after hours as earnings miss street expections. DELL is down 17% over the last 3 months. Don’t buy dell.

Adami:Apple takes the market. Apple jumps after Lehman, anticipating strong product cycle, issues upgrade. I think you can expect (AAPL) to drop down to $80.

Bolling:What’s working: Tire stocks. Good year tire sales jump on cost-cutting plan. Cooper Tire (CTB), Goodyear Tire (GT). GT is up 56% over the last 3 months.

Copper Tire & Rubber (CTB) A lot of their sales came from China. CTB is up 28% over the last 3 months.