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The Fast Money five takes a look at the week's biggest market movers. | |||
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It seems we can't go a week without the market passing some new, negative milestone. The Nasdaq is off to the worst start-of-a-year ever. This was the worst week for the Dow in five years, and it followed one of the best weeks in, well, five years. After a while the superlatives lose their meaning, and the fuzzy arithmetic of market milestones takes a backseat to what ultimately matters on this show: Are You Making Money? If you aren't, there are plenty of opportunities to do just that all next week. We begin with a series of European bank earnings, starting with Credit Suisse on Tuesday, followed by UBS on Thursday. We've seen how the mortgage mess has wiped out billions in market cap on this side of the pond. Now we'll get a taste of how our European counterparts are managing their risk. The big U.S. companies to watch include General Motors, Schering-Plough, Coca-Cola, Comcast and Marriott: drugs, cars, beverages, cable, and leisure -- if that isn't a snapshot of the economy, I don't know what is. Also important next week will be the convening of the Senate Banking Committee next Thursday to talk about the financial markets and the all-important bond insurers. That clock continues to tick, and any sign that the financial guarantors might lose their AAA rating could be the proverbial other shoe to drop. More clarity on a bailout plan for the beleaguered sector could come in the coming days, and that could either boost or take down the already battered financials. Remember, volatility can hurt or help you, but it WILL give you the opportunity to make money. And an open market, especially a volatile one, is a market in which you can make money. So let's try to do that all next week. I hope you join us.. If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com |
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