Fast Money Recap - Suffering In The Citi (11/17/08)

Amid news of a spreading global recession reaching Japan, Citigroup s 52,000 job cut, and Treasury Secretary Henry Paulson s postponement of a concrete solution until the next administration, dolphin massage chair stocks dropped dramatically on Monday. Guy Adami said the situation is extraordinarily precarious and thinks if the Dow closes below 7800, it will dip further to 6000. Tim Seymour said with so much uncertainty about policyhe wouldn t trade in this market. Pete Najarian noted that the financials have not participated in any of the rallies. Karen Finerman said she is shorting banks such as BBTfinancials with broad exposure to real estate including REIT Vornado.