'Fast Money' Recap: Take It to the Bank

Wednesday brought on the bulls as the major indices tacked on gains. The Dow rocketed 1.63% higher to 11,583.69, the S&P 500 gained 1.67% ending at 1284.26, while the Nasdaq shifted 0.44%, finishing at 2329.72.

On CNBC's "Fast Money" TV show, the traders opened up with their thoughts on today's trading action.

Peter Najarian said that the "most impressive thing" was the surge in the financials. He said that other movers were seen in the energy, steel and agricultural sectors. Najarian summed it up by saying, "Financials had an amazing run late in the day."

Jeff Macke, more skeptical, said that it would be wise to "not get our giddy pants on just yet."

In the Oil Patch

Guy Adami weighed in with his input saying that he felt "Schlumberger(SLB Quote) had an impressive run today." However, he said he likes Halliburton(HAL Quote) better.

Najarian said to take a look at National Oilwell Varco(NOV Quote). He said that today, it participated "like they should," and that "some of these numbers are unreal right now." Macke disagreed and said that "anything rallying 6%, you sell." Countering this, Najarian said that "when these things move ... you got to take something off."

Speaking on the financials, Dylan Ratigan said that Merrill Lynch(MER Quote) was "up down, up down, up down, all day."

Back to the Banks

Adami said to look at US Bancorp(USB Quote) because it traded at 31 and a half today.

Karen Finerman said that today's action was good for Merrill but it is "not so good for everyone else." Finerman continued by saying to short BB&T(BBT Quote), which is involved with commercial real estate.