'Fast Money' Recap: AIG Not Only Downer

Finerman suggested going with Capital One(COF Quote).

Moving on to retail, Finerman said that she bought into Abercrombie & Fitch(ANF Quote) call spreads. She said that their news today was "bad, not horrific," and that today's reaction was "excessive to me."

Adami said that he would "take a shot," on Abercrombie just on a valuation basis because he is expecting a "short-covering rally."

Moving into the technology sector, Ratigan said that Intel(INTC Quote), Microsoft(MSFT Quote) and Hewlett-Packard(HP Quote) "looked lovely."

Finerman agreed, saying it was encouraging and that MSFT deserved so come up a little because it had been beaten up excessively.

Adami said that Intel's gains were wild and investors "can't argue with those numbers."

Next, guest Jeffrey Harte of Sandler O'Neill stopped by the show to discuss the financials. He said that right now "uncertainty is your enemy," and that when it comes to auction rate securities, there "haven't been a whole lot of losses there yet." He compared it to the CDO market and said that ARS are "not so bad."

Moving on, Harte said that there are more marks to come and that "housing is going the wrong way." He continued, saying that we "may have a long road ahead of us," and that it is wise for investors to "watch for the turn." Harte wrapped up, saying that there is an "awful lot of cash on the sidelines," and that there is going to be a "spring loaded recovery," when the time is right.