T. Boone’s Stake - Fast Money Recap (5/20/08)
May 21, 2008
Recap of CNBC’s Fast Money, Tuesday May 20.
Gas High, Consumer Low: AIG (AIG), Trinity Industries (TRN), Apple (APPL), Research in Motion (RIMM), Google (GOOG), Trinity (TRN)
Rising oil and the concerned consumer are bringing down stocks, and Joe Terranova thinks the combination will spell trouble as the S&P dipped below its 200-day moving average. Jeff Macke thinks the market needed an excuse to sell and agrees with T. Boone Pickens that oil is going higher. Najarian blamed AIG for some of Tuesday’s problems and agrees that high gas prices will mean a difficult summer. Terranova and the group agreed the market will trade sideways. Najarian praised Tuesday’s survivors: Apple RIMM and GOOG. Adami likes Trinity.
T. Boone’s Stake - Fast Money Recap (5/20/08)
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