'Fast Money' Recap: AIG Not Only Downer

After not being seen in a while, the United States currency has been seeing some strength. Terranova said that it is at its highest level since Feb. 27 and that it "put oil in a headlock today." He said to be cautious because investors do not believe the move yet.

Finerman echoed his warnings, saying that she wouldn't add to her short position in the British Pound.

Macke said it is best to "trade this off the technicals," and you've "got to be long." Adami agreed saying that the dollar is "the trade of the second half."

Terranova pointed to gold, which he said is "rolling over now."

Bringing on options expert, Jon Najarian, "Fast Money," moved on. Najarian said that right now there are trades to be had in the market and that investors "can't decide if they are bullish, bearish." He said that it is not fear but there is no commitment on either side. Speaking on his most compelling trade, he agreed with Finerman on Capital One "on the short side." Najarian said that it is trading "six times normal volume, buying puts," and that its peers are down nearly 30% while COF is down only 8%.

Discussing housing stocks, specifically Home Depot(HD Quote), Adami said that the housing pricing fall will flip to affordability, which is good. He continued, saying that "things seem to be slowing," but he is not saying to "go get Home Depot tomorrow."

Macke brushed this off, saying to "run away from this sector."

CNBC's own Charlie Gasparino made an appearance speaking on Merrill's comments on auction rate securities and what his thoughts are. He said that he does not feel it is a "balance sheet issue," but rather a reputation issue. Gasparino said that Merrill is a very powerful brokerage house and that its brokers have complained to upper management and are demanding that they "make their clients whole," because the brokers do not want clients pulling their accounts.

Quickly running off final trades, Macke said that he would "sell the Financial Select Sector SPDR(XLF Quote)," Adami said that Johnson and Johnson(JNJ Quote) "continues to perform," while Terranova said that "Research in Motion(RIMM Quote) "wants to go above 30."