The Dow tumbled by triple digits on Tuesday with anxiety prevailing on Wall Street as investors tried to determine if the sell-off was a buying opportunity or the start of a bigger correction.Energy was again the wildcard with the price of oil surging on reports that Muammar Gaddafi used tanks, helicopters and warplanes to quell a growing revolt in Libya and scoffed at reports he was fleeing after four decades in power. Libya is among the world's top 20 oil producing nations.
Although developments are short-term bullish for oil, they’re extremely bearish for the fragile consumer who may already be facing sharply higher prices across the board.However, not all the market influences were negative. Consumer Confidence rose in February to a three-year high on improved optimism about the economy and income prospects.And from a historical perspective, lately pullbacks in the S&P triggered by overseas unrest have been buying opportunities. How should you position now?Instant Insights with the Fast Money tradersPage 1 of 8 | Next Page