"fast money" starts right now. stay with us. >> the election aftermath continues. >> the guys are scared today. are you? >> you're scared of the market. >> this is the wile e. coyote moment where he realizes how far from the cliff he is and looks down. the market looked down and didn't like what it saw. >> the market is a day by day affair. >> concerns from the fiscal cliff to some kind of strange sounding noises in europe. >> even a dollar menu isn't attracting hungry investors. >> i don't get what they are trying to do. i like mcdonald's very much. i go there a lot. i don't understand why they have promotional prices but they are not promoting. that's a company that's lost its way momentarily. >> guy isn't afraid of a good trade. fresh from the trading floor,

this is "fast money." live from the nasdaq market site in new york city's times square i'm melissa lee. first, election aftermath. two days since president obama's re-election. two days of pain for stocks. we'll tell you if we leaf is in sight. plus, america, the home of the free and energy independent. the boss of devon energy weighs in. carl ikon keeps getting active. tonight he's talking to fast. find out what he's got up his sleeves when it comes to netflix. straight to today's sell off. the s&p 500 dropping below the 200-day moving average. energy, tech, discretionary leading the declines here. guy, what do you make of it? >> we said 1379 is where we should probably go. we pointed out 1425 on the upside will be the resistance.

it has been. you know what i think in terms of longer term. i'll say tomorrow it would not surprise me if you got data that took the s&p up 15 to 20 and it left everybody leaving on a friday not knowing where to go. shorts and longs will be confused and people have the weekend to ponder it. maybe initial move lower and to your point below the 200 day. it needs to close below the 200 day for more than a few days to get concerned. i'm of the belief we see lower earlier, a rally to keep everybody scratching their head late. we held down the first time the way we traded off the resistance the first couple of times. we should bounce off support tomorrow. >> are we setting up in your view, keith, with a buy into the closed scenario tomorrow? >> markets get immediate term trade over sold. that's what happened and the vix was over bought. you have to contextualize the move and the move is back to fundamentals. there is no catalyst you can

make up on china. the fiscal cliff, whatever. the bottom line is growth and earnings continue to slow. you can't call a market cheap when you don't know the numbers. if we can't get back above 1419 that's the number i'm looking for. eventually within the next couple of weeks we test 1362 the. >> we flagged it yesterday as leadership to the down eyde and after a decent open they rolled over and it was only a stock specific story. that was bank of america with a bullish upgrade that maintained gains for the session. weakness here and in consumer discretionary going into what should be a strong final quarter. >> you know, the weakness in consumer discretionary was more interesting to me. and stronger to the down side. i don't know if it was kohl's. that was something people pointed to. i thought it was way over done. we haven't yet seen the season

we think will be decent. i don't know how they could put a stamp of disapproval on it yet. well before we have gotten started. i thought it was an opportunity. we bought more macy's today which we have liked for a while. could it go lower? of course. this was overdone. >> john, what do you make of today? >> you had the xlk with apple being the biggest contributor to that. that's the tech sector of the s&p 500. falling out of bed. you know, it's down from a 590 on tuesday, apple is, to 537 on the close today. it's making a bounce in the after hours. but that took a lot of oomph out of the market. to your point about the xlf, outside the potential for jamie dimon t do a buy back at jpmorgan these stocks were hammered. a lot of the so-called romney stocks where you could see a lift coming from relaxed regulation which they were hoping for with both energy, coal names and financials, that's not happening.

so that rotation, out of the stocks, i think has been severe. i don't think it can be just a one-day event. it takes days of hard selling to get them to firm up their position. it doesn't mean it rotates back into the market. it might stay in cash for a while. >> tech has left a mark. >> oh, yeah. >> if you're down in tech and the first thing you did was sell the first move like you can in financials, you have some memory lapse you cannot afford. again, start to think about that. if you bought apple at 702 the you're down 23.5%. you have to be up 32% to get back to break even. break even matters. real money matters and the financials are under pressure. >> more on apple in a few minutes. first we are going to ask the question everyone is asking. should we expect a technical break down in stocks. let's check in with the chief market analyst for elliot wave international. good to see you. >> hi, melissa.

>> how do you interpret the move lower in the s&p 500? >> it closed below the 200-day moving average. something else happened, too, in terms of technical analysis. if you draw a trend line off the october 2011 low connected to the june low of this year and all those indexes are breaking down below that trend line. the dow has done it. nasdaq's done it. s&p is breaking out, too. so, again, there is technical weakness under the market. we think the market is rolling over and is in a down phase right now. >> how far down is that down phase, steve? >> we're getting oversold on the short-term basis. but we could continue to go down the june 4 low and the s&p 1266. 12,000 in the dow. it won't be a straight shot down there. we can stairstep and work lower. >> steve, the real wave guys, what's your ultimate bottom? i have seen guys at 980 in the

s&p. is there a number to hold out? i'm not holding it to you necessarily. what does elliot wave say the ultimate low should be? >> longer term, way down. in our newsletter we showed 38 years it dates back to the 1974 low. we bounced along the trend line, broke below it in 2008. we have rallied back to test the under side three times now. in 2010, may of 2011 and march of this year. we rallied from the 2002 low in the abc pattern. we have a long way to go on the down side. it's not a straight shot. it will be working lower in a stairstep fashion over time. the nasdaq presents a pretty good opportunity on the down side for the bears if you can pick off your targets. >> the most interesting thing you said was that we are getting oversold even though we broke the 200 day. your process is different from

many technicians in that regard. can you explain that in terms of how the emotion happens around the 200-day versus what you are seeing broadly? >> well, what's interesting is let's focus on one issue we showed in the newsletter which is google. we use the wave principal model. google has a clear five-wave decline from the decline. that decline gives us two pieces of information. one, the larger trend from google is down. two, we are in the fifth wave of the decline. when it ends we'll have a good counter trend rebound in google. google supports around there. this is how we measure moves within the market. >> we'll leave it there. great to speak with you. >> steve mentioned part of the weakness could be apple.

the stock is sinking into bear market territory. people might wonder why we talk about apple, why we are flagging the stock. it contributed a lot to the down side in nasdaq 100 and the s&p 500. take a look at the statistics we drummed uh. the drag that apple has put on these indices this corner. 47% of the nasdaq 100 loss is apple. 23% of the s&p loss is apple. that's why we talk about the stock. dr. j, apple. you don't have a position. why not? >> i don't have a position yet. it's getting very tempting here. because this area right around 520 to 540 for me is a key level for apple. that basically takes us to the march lows, to that first rally that carried us to march when

apple made the first move. they had just reported in the december quarter about 36 million iphones. they came back and reported whatever it was, 35 million in march. since then the stock waffled until the surge up to 700. now we have basically retraced all the way back down to that level. that's why that level is interesting to me, especially in light of the predictions for 46 million iphones for this holiday season. based on them having enough to sell, i think they could meet that number and then the question is, is the ipad mini a winner for them? how much does it cannibalize the other ipad? this is an area i could get interested in buying but no position yet. >> the rally was short lived but the 575 level was flagged for a day or so. you saw what happened when we

traded below. if you are looking for the next level it was may 18, 520ish. >> 528. >> the stock closed around 530 that day. whatever the may 18 low and subsequent bounce, that's the next line in the sand. >> you have to be concerned if you're apple long. >> i am. >> the fear taxes will go up in 2013 and if you have been in apple just this year you have made a good profit despite the 20% decline from the highs. >> hmm. >> must be tempting to take profits. >> not really to me. i view it as a longer-term story. it's painful to have the stock move like it has in the last six weeks. there are two things going on. apple as stock proxy for the market, for fears, as a trading vehicle and what's happening in apple the company. what's really happening?

we don't know yet. it's a lot of noise. i'm sticking wit. >> mike, how are the options players betting on apple? >> interesting today and john might have seen this, too. we saw that these expire tomorrow. 540 puts were the active option. apple sees more call volume than put volume and it did today on balance. however a lot of the call volume was actually selling. i think that's a good move here. the premiums for options in apple is extremely high. it wouldn't surprise me that you might be seeing some winners in apple selling the stock. 30 to 60 days from now. could be poised for a rebound, think. >> amazing to see what apple lost since the record high $140 billion in market cap. we'll take a break. we have a special guest who just called the control room. carl icahn, one of the most noted activists of all time. he talks to "fast money"

exclusively. get the latest on the push for change at oshkosh, plus his first interview since netflix announced the poison pill. carl icahn is on the record next. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills,

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♪ welcome back to "fast money" live at the nasdaq market site in times square. lights, camera, takeover? perhaps. carl icahn disclosed a 10% stake in netflix in response netflix

adopted a poison pill provision to thwart a take over. how does carl feel about that and what's he doing now? carl icahn joins us on the fast line. his first interview since netflix announced the poison pill measure. great to speak with you. >> good speaking to you. >> how do you feel about the poison pill? what's your next play? >> it's not a question of my play. i think it makes a travesty of corporate governance when you put in a pill at 10%. i think the trouble with that country, one of the troubles is we're not competitive because of the boards and the managements of many companies. there are good ones. they believe the company belongs to them and they are not accountable to anybody. this is something i think is reprehensible. it doesn't -- the irony, it doesn't matter a he will, l of a lot to me. if i wanted to go over 9.9 i

would have gone over anyway. it's the idea of it. so it's perturbing to me in a general way. you let bygones be bygones and move on. >> so you call it a travesty of corporate governance. what do you do? are you putting the company in play? >> i think it is sort of in play. i believe this company is undervalued, as i said. i think it has a great platform. i can't understand why there is such a big short position, but i never quite understood why people buy and sell stocks. so it is what it is. i think it's difficult to compete with netflix if you're one of these giants, but as one investor said it would be the

mother of all auctions if it went to auctions. in any event, i think it could get a great premium. this is one of the companies that makes sense to combine with others. >> what would this premium p be, carl? >> you know i'm not going to get into that with you. i can't. >> it's a 4.25 billion company. what's it worth? people want to know what the game plan at this point is, carl. do you have one? >> i have what i said in my 13-d. i don't have anything definite at this point other than what we have said. but obviously, and i have said that.

i think the company is worth more than what it sells for. >> hi. this is karen. >> hi. how are you doing? >> good, thanks. one of netflix's competitors is the deep-pocketed amazon that's made a push to build. you see them spending a tremendous amount of money every quarter to do it. i view them as the most likely buyer yet they seem to want to build the business, not buy the business. who else do you think would be there for this? >> i'm not sure you can build the business that easily. it's something you build another widget factory and start building the widgets. you know yourself you have a 27 million subscribers. you can't buy that.

the over the top concept. i think that you're going to want, if you're one of the large competitors, you're going to want to have placement on those smart tvs. the companies that have the great number of subscribers. so no matter how deep-pocketed you are, i find it hard to understand even if they want to spend on content, how quickly they can build the subscriber base. i don't think it's possible. i think with low interest rates today it's almost ridiculous to spend the money to buy something like netflix. netflix doesn't have deep pockets. you can blame that on management, on poor planning or whatever you want to blame it on. netflix has a great subscriber

base but not the deep pockets. even if you pay a huge premium you get your money back in a year or two. more important you get the placement, platform. you get the benefit of the huge secular change occurring. >> carl, it's guy. i know you're a single stock looking for opportunities. if you could the macro hat on for a second and tell us what you think of the world now post election, obviously the market sold off. europe is in a disarray. where do you think we are headed here broader market sense? >> for the last month we have

large positions in different companies, as you know. i have been completely hedged. in fact, i have been negative for the last month or two. i said this actually, i think, on your program or some of the programs. you have massive problems right now. i'm not as bullish about it next year. the fourth quarter won't be good but more importantly, i think the fiscal cliff isn't a binary thing. it's not one day you wake up, make a deal with the house or mitch mcconnell. if there is going to be a deal made it's still going to take a big bite out of spending and therefore out of the gdp. i don't think our economy is as healthy as people think. so if you're asking me, i'm relatively negative. so i have all my stocks and all these things that i own. i have them more than completely hedged, you know, with s&p. >> sure. >> shorts, options. >> carl, i want to turn back to something you own, oshkosh, a 9.5% stake in the company. you had vitriol for the management in response to what they called your bid. >> yeah.

>> first of all they said it grossly undervalued the company at an offer of, what was it, 3250 a share? so what do you have to say to them and at this point are you trying to flush out a third-party bid here? >> i'm not trying to flush out a third party bid in oshkosh. i don't think it's the same thing as netflix. i'm not flushing out of netflix either. i agree with the analyst who said it would be the mother of all auctions. with oshkosh, it's different. i think it's got very poor management. i have said that publically. i talk bluntly. i think -- in fact, it's unusual. in oshkosh today even i got calls from several employees that said i'm right on. i have rarely gotten that. you know, with the letter we did today. it's poor management. i don't think the management

understands the divisions they have. they bought jlg as a poison pill, in my opinion. they overpaid. one of our nominees on the board is the gentleman who actually built jlg. so you have a company here. and frankly in this case top management should be let go. that's what should happen. it's not we're saying vote for me. i make a tender offer at 32.5 when the stock was as low as 19 not long ago. hopefully, i hope everybody tenders and they can withdraw their tender to show the company and the board that this is what the shareholders want. they want to change. to those who want to get out they get a good premium from me. those that want to stay in, they

ride along. at cbi, incidentally the stock was 24. we bid 30. the stock even today is 36, 37. but at cbi, i didn't have the negative things to say about management. in fact, we kept the ceo. we didn't like the board much, but we weren't against management. here i would just say i have known charlie for two, three years. he's certainly a nice guy. >> right, carl. >> he shouldn't be running the company. >> i want to go back quickly to netflix. is it possible, can you actually take it off the table at this point that you won't make a bid for the company outright? you seem bullish, you think it's worth more than it is valued in the marketplace now. could you go hostile? >> the thought has entered my mind. >> is it in your mind now? >> i think about it, but we

haven't made the decision yet. >> it's on the table? >> it certainly is one alternative. but i have to say we haven't made that decision at this point. but i don't think in this one i would ever get it. it's not like oshkosh or cbi. i cannot afford or would not -- maybe i could afford to, but i wouldn't be able to pay what a synergistic buyer could pay. it's not a comparison. a buyer in this company could pay a bigger premium. >> like what? >> i'm not getting into that but it's very under valued. >> like a hundred bucks a share? >> someone came in, eli lilly and he said, what do you make from inclone. he said, tell me a price. i told him, i want it -- i said

i'm giving you a price. i don't want to negotiate. do it or don't do it. i said 70 and he took it. i can't tell you, you know, what somebody is willing to pay. i think it's worth a great deal more with low interest rates. i'm not telling you a number. i can't. >> all right, carl. we'll leave it there. thank you very much for calling in. >> good talking to you. i'm sorry that i'm the baeshish view. that's what i believe. i don't think the world is coming to an end but there are problems ahead. >> carl icahn, of course. we should note to button up the oshkosh situation the company says we are not going to comment on carl icahn's latest attempt to distract oshkosh shareholders from the facts. we beat consensus estimates throughout fiscal 2012 and are targeting to approximately double adjusted earning per share from objecting ops by

fiscal 2015. we believe the results of our move strategy and our forecasted outlook speak for themselves. back to the netflix conversation. it's not off the table going hostile but we acknowledges it is unlikely and unwinnable scenario for him. >> absolutely. he would do it to get the ball rolling. on oshkosh people say he's not real. he has to get a tender pool in to show the company they want change. he can't close because of wisconsin law. it's a terrible state to do a takeover. he has to throw out the entire board to get his tender offer through. it shouldn't be a knock on his bid. >> what are you saying if anything in netflix options of late? >> more or less we saw immediately when it was announced that carl was in there. people just sold with both hands as the thing rallied to 80.

so it came back down here now to 75 which is roughly where it was on the rumors that somebody was about to do something. i think, to karen's point, this is a tough one for carl to bluff his way into pushing the stock higher. >> got to head to break. president obama secured another four years in the white house. we are naming three etfs to play the victory. we'll walk you through the trades after this. plus, there are plenty of after hours action movers, all moving here. we'll bring you the latest on disney, groupon and nordstrom. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing.

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welcome back. after hours action. julie borsen has been on disney earnings conference call. what's the latest? >> the most interesting thing about the conference call is cfo jay rizulo and bob eiger gave warnings about the first quarter of 2013. saying that this is the year when growth initiatives will contribute roughly $500 million of both incremental revenue and expense warning that these will

be accretive and add to operating income. there is a lot of talk in the analyst q & a period about what's going on that they are warning about in the first quarter saying they are expecting to be a big impact and are in a transition year as they are shifting from a lot of investment to hopefully grow thereafter. interesting comments about the first quarter. >> thanks. the stock is down 2%. groupon is moving big time after hours. jon fortt has been on the conference call. jon? >> nongap eps was three cents which is in line. the revenue was short. i talked to them. they are talking about it on the call about guidance which affects eps. it was a lot lower than the street expected. the reason they say is they are going to spend more to attract new high quality merchants. is that just a one quarter holiday quarter thing? they said they still expect the margins to be 25 to 30% long

term. it sounds like it might be a quarter or two. finally europe giving them a lot of trouble. >> thanks for the update. let's move ton to pops and drops. chipotle down. >> a couple upgrades earlier in the week ahead of the election. now a little bit malaise hitting them again. it's mainly because of the pop off of the low off the 2.40 low. >> drop for kohl's. >> terrible day to be a retailer in the market. kohl's is no exception. >> qualcomm, a pop. >> if you get a $100 billion company that can beat the number, that's a good thing. instead of disney go with qualcomm all day long. >> drop for whole foods down 5%. >> decent quarter. full year guidance was sketchy. the valuation getting in the way. it trades at july lows around 85

bucks. >> whiting petroleum, mike? >> there was speculation that stat oil could make a bid. stat oil dismissed the suggestion. there was a lot of activity in the options traded eight time it is average daily volume. i would be selling the calls now. >> we have a pop for bipartisan babies. >> huh? >> a woman in kenya gave birth to twin boys named them barack obama and mitt romney. according to the bbc the 20-year-old wanted to be sure she would never forget the day of the u.s. election. in case you are wondering the twin named barack obama was born first. >> that's a horrible y. >> can you imagine the little kids going around with the names mitt romney and barack obama? >> you don't have to imagine that. >> the poor kid that's romney. >> good point. up next, "fast money" digs into america's quest for energy independence. can the u.s. free itself from

foreign oil and how much will it cost? devon energy is helping us break down the facts ant what it will take to get us there. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it.

welcome back. we are live at the nasdaq market site in times square. a hot topic on the road to the white house with president obama highlighting his first term's policy throughout his campaign. >> here's what i have done since i have been president. we have increased oil production to the highest levels in 16 years. natural gas production is the highest it's been in decades. >> obviously it doesn't stop there. the president spoke about domestic oil production when he accepted a second term as commander in chief.

>> in the coming weeks and months i am looking forward to reaching out, working with leaders of both parties to meet the challenges we can only solve together. reducing our deficit. reforming our tax code, fixing our immigration system. >> u.s. oil imports have been on the decline since 2008 and new forecasts say the u.s. will rely on domestic energy output in coming years but price wills stay high because of production costs. how are industry leaders positioning themselves for the move? let's ask the ceo of devon energy who joins us from headquarters in oklahoma city. it's a pleasure to speak with you. >> nice to see you, melissa. >> we played a couple clips of president obama saying all the right things to the oil industry and americans. there is a perception in the stock market that republican presidency would have been more supportive of oil and gas production. what's the truth? where do you stand on that? >> we haven't seen the president and administration do the things that would allow us as an industry to take advantage of the wonderful resource we're sitting on in the u.s.

now through this last few weeks and through the campaign he said the right things. i hope he can follow through. we can add to it from an energy perspective. >> one of the wealths of the united states is the wealth of natural gas here. the amount of production is staggering because of the shales and new drilling technology

there. you of course are taking part in that. it's interest iing because in 28 at the height of the commodity price boom devon, your company was running 40 rigs. but you are producing the same amount. a lot of companies are in that camp where the production of natural gas, there is so much out there that it's keeping prices lower. what can the administration do? what do we need to see done in order to make natural gas a more viable energy source for americans? fl. >> if you talk to the manufacturing sector for the first time in decades. we can take advantage of the safe clean energy in america and grow businesses. we are seeing that as we come into the market. there have been a lot of signs over the last while that the administration is moving forward with regulations we don't think are positive because they don't -- they are duplicative over the regulation a lot of the states have. we can't afford to shut down or reduce our ability to develop this terrific resource by due

police car if regulations that the states are already handling well. >> whether justified or not the stock seems to trade along with the price of match gas. today the stock made a 52-week low. is there anything you can do to tell the story better to the street or something you have to deal with? >> we're making a transition. we had a large offshore and international business and we have sold it. we produced # 2.5 billion cubic feet a day of natural gas. we have made great in-roads and we are in a transition period where we have some really exciting opportunities. we grew our u.s. on shore oil production year over year by 26%. we grew it 30% in the permean basin in southeast new mexico and west texas. i think we have to stick to our

strategy of continuing to develop the oil. we have a terrific balance sheet that gives us a real competitive advantage and ability to develop more of the terrific resources for our shareholders. >> john, great to see you. thanks for joining us. we hope you will come back on "fast" sometime soon. john richels of devon energy. they made the transition in 2009. that was well timed considering when mccondo happened they got rid of their offshore drilling. mike, in terms of guy's point trading along with the price of nat gas devon has an above average exposure compared to peers. >> that's right. we have seen weakness in the energy complex in general. also with oil. they have been maintaining and growing reserves. i was short the stock coming into the day. covered the short today and actually i'm thinking of buying it here at less than six times ebitda.

you have to watch price of energy and the reserves. that's the metric. >> up next, three etfs that could turn president obama's re-election into profits for you. that's next. est in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused.

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money." nordstrom shares feeling the pressure after hours. earnings and revenues coming up shy for the third quarter, reported profits of 71 cents a share, a penny lower than estimates. revenue is lower at 2.71 billion. the estimate had been for over 2.8 billion. the company did lift the low end of the guidance and it seems for sales guidance by a little bit. not really impressing the street there. one part that continues to be the strongest is the discount, nordstrom rack. >> thanks, bertha. investors setting up for four more years of an obama administration. let's get three etfs to play obama's victory. joining us from etf trends.com. tom, the sector is not surprising. the health care etf is one you are flagging. >> we are in a situation where obama is going to be negotiating with republicans. a couple of the sacred cows will be obamacare and alternative energy.

if you look at the health care etf for

alternative energy. is there an offset to ha? >> it's a good point. first of all, the market is not huge from a market cap standpoint. the makeup of the index is heavily weighted in a few companies like cooper industries. again from a profitability standpoint they are much better than those that are regularly subsidized. so investors have to understand what's under the hood. you bring up a good point. >> okay. tom, we'll leave it there. thanks so much. the gld which we talk about quite often. up next, the shocking tale of greed, arrogance and disgrace. it is a story you will not want to mess. stick around. [ male announcer ] if you're eligible for medicare...

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tonight on "unravelled" prominent attorney mark dreir had it all. for years he would take out loans in his client's name. he kept the funds to fuel his lavish lifestyle before it all caught up with him. >> i set up a phony e-mail

account and apparently if somebody sent the message to the account it would come to me so i would be able to deal with it. but the guy from the fund evidently punched in the e-mail address with one wrong letter and so it bounced back to him. so i guess then he called the office to say is there another e mail address i could use. if he hadn't punched in the wrong letter it never would have happened. the hedge fund person said, we think this is a fraud. we want our money back. i gave hem their money back. i said there was no fraud but here is your money back. i went from having $100 million two weeks earlier to having nothing but having had to invade the escrow account of a client for $40 million. >> here with us is ross cramer who represented mark dreier in the criminal case and sentencing. this is a fantastic story.

marc got 20 years for what he did. still you got congratulatory calls on the sentence of 20 years. this guy at chutzpah. he was a braven ponzi schemer. >> it's a crazy climate we live in in sentencing for white collar defendants. with a sentence of 20 years people are congratulating you. sentences of 15, # 20, 25 years are what people are looking at as the norm. when somebody gets single digit years that's when people take notice of it. you know, bernie ebers gotta years in the worldcom scandal and the second circuit said it was harsh but not unreasonable though that was longer than most violent offenders were getting. >> ross kramer, thanks for coming by. "unravelled" is tonight on cnbc. first move when we come back.

>> another tough day in the market. how about raging cajun to get you through? looking at chicken, biscuits and profits. plus, a breakup value play up next on "mad money."

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>> announcer: final trade is sponsored by interactive brokers. >> final trade. keith. >> long fed ex. looking for companies that have cut numbers enough times. >> guy. >> express