'Fast Money' Recap: A Confident Market

Terranova said that investors should not expect to see the kind of speculation in oil that they saw earlier this year. He said that was unprecedented speculation that won't be seen for some time to come. He also said the best trade in December in commodities might be a short squeeze in natural gas.

Ratigan touched briefly on one of the big stories of the day: Carl Icahn's move to raise his stake in Yahoo! (YHOO Quote) Macke thought it was a bad decision. "He should just let it go and walk away. Gartman called it an awful company, and Kinahan said Yahoo!'s future is going to be cloudy with Google (GOOG Quote) around.

With the Big Three automakers returning to Washington next week for another round of hearings with Congress, Ratigan asked Jon Najarian to weigh in. Najarian said the automakers are going to come with a plan.

He said these stocks are already generating a lot of investor interest, with 118 million shares of Ford(F Quote) traded today and 75 million shares on average.

He also said other companies connected to the industry will benefit such as Fuel Systems Solutions(FSYS Quote) and Nucor(NUE Quote).

More Savings and Investment

Ratigan invited Stephens Roach, chairman of Morgan Stanley in Asia, to elaborate on an op-ed piece he wrote in the New York Times. Roach said there's going to be a more "subdued rate of consumer demand growth" in the future that will cause the economy to be sluggish.

He said this would be a healthy shift for the economy. He sees the incoming administration increasing spending in infrastructure, alternative energy and worker re-retraining. He said he hopes the government doesn't provide tax cuts to "perpetuate unsustainable high levels of consumption."