'Fast Money' Recap: Nowhere to Go

Najarian said Chevron(CVX Quote) and Exxon Mobil(XOM Quote) could have more downside if oil continues to plunge.

Ratigan mentioned that Lowe's(LOW Quote) beat earnings and traded up 4% in after hours trading.

Jon Najarian said he is watching Limited Brands(LMT Quote) for a play on its earnings report.

The traders spoke with CNBC's Larry Kudlow about the new auto bailout plan and Barrack Obama's plans for the future.

Kudlow said he doesn't like the $25 billion bailout for General Motors. He said General Motors isn't competitive with Toyota Motor (TM Quote) and Honda Motor (HMC Quote). He also said he prefers some type of pre-packaged bankruptcy."

Kudlow told viewers the market is disappointed that Obama hasn't announced the new Treasury secretary and whether he will raise taxes in 2009.

"People wanted to be reassured by a moderate to conservative Treasury appointee, and none was forth coming," he said.

More Auto

CNBC's Phil LeBeau joined the traders to discuss the proposed aid for the automakers. LeBeau said it's his understanding that the $25 billion is for the auto industry, not just GM.

He explained that under the plan, there will be no bonuses for executives making over $250,000 a year and the government wants assurances the automakers have a viable business plan for the future.

Trader Radar

Shares of Baidu.com (BIDU Quote) were among the most actively traded stocks on the Nasdaq Monday.

Commodities Talk

The traders talked about where the opportunity will be in the market when equity investors put money back to work.

Adami said the money will go back into a lot of the commodity stocks. He says "the problem is it won't go back tomorrow or next week, but will probably happen in January."

He likes Agrium (AGU Quote), Potash (POT Quote) and Archer Daniels(ADM Quote).

Final Trade

Seymour picked Aloca (AA Quote). Adami recommended Charles Schwab (SCHW Quote). Najarian selected Home Depot (HD Quote). And Finerman said likes Rohm and Hass(ROH Quote).