Fast Money Recap June 25

• Major reversal is alarming, GS might be caught up in the sub-prime situation is more alarming, this will last at least a couple of weeks
• BX is overpriced, but the whole financial space pulled back big today
• YHOO finally joining the GOOG model
• NVDA rich at 22x
• Brazilian meat processors have been doing great: PDA, SDA
• TIF had an unusual buy activity today, TIF is part of the rich-people trade, also look at SKS and BID
• Own some GLD for 3 reasons, dollar going south, other precious metals strong, oil is strong
• Water trade: WTR, VE, SJW
• Rental car companies downgraded, costs increasing because not getting fleet sales, flip side long trade is GM, also with oil up, less air travel
• Final trade: CNC, DOG, GOOG