Dow Tops 30K, But Is it Higher & Higher From Here? And Why a Bitcoin Bull is Pumping the Breaks

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 24 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow posted a record close above 30,000 for the first time, and with several tailwinds from a new Treasury Secretary to vaccine hopes, are we going even higher from here? Plus Bitcoin prices soaring back above $19,000 and inching closer to its own record. But BK thinks it’s time to get cautious on the cryptocurrency.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money. Tonight's trader line up, Gai Dammy, Tim Seymour, Dan Nathan and Brian Kelly.
0:07.0	Tonight on Fast, we are charting the rally.
0:09.0	The Dow hitting a major milestone in one top technician is breaking down the next key levels to watch.
0:14.4	Plus the big fight over four.
0:16.7	Two traders are very different takes on where this stock is headed.
0:19.4	We'll find out who is in the driver's seat.
0:21.6	And we're busing out our patent-pending Bitcoin bug as the
0:24.9	cryptocurrency crashes through the $19,000 mark but our very own Bitcoin baller says
0:30.0	proceed with caution he'll tell us why we start off with another record day on Wall Street.
0:35.0	The doubt closing above the 30,000 mark for the first time in history, nearly four years, since first breaking the 20K mark.
0:42.0	So the question we ask tonight,
0:44.0	are we headed?
0:45.0	Yes, that's right.
0:50.0	Are we heading higher and higher? There are lots of positives in the markets
0:55.1	right now. The presidential transition is underway. Janet Young is
0:58.5	Treasury Secretary could mean more stimulus is on the way and we have not one not two but three coronavirus vaccines
1:05.4	ready to rock so as a Dow hits a major milestone tonight is the next 10%
1:10.6	move higher and higher are we headed lower and lower. Guy.
1:18.0	Well that song I mean that's a miserable song that's why we chose it.
1:22.0	Please don't at me on the Twitter.
1:27.4	You know, it's interesting, you know, it's fascinating that in the list of
1:31.7	bullish things we talk about the peaceful transfer of
	...

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