'Fast Money' Recap: A Confident Market

He said 2009 is a going to be "crummy" year. He hopes Obama will come through with a big "savings and investment" stimulus and not a "consumption stimulus."

Kinahan said he likes the banks because they have a growing deposit base which will give them capital to work with.

Ratigan asked Anthony Diclemente, a media analyst for Barclays Capital, to comment on the spate of movies coming out during the holidays and the state of the industry.

Diclemente expressed concerns about the movie industry. Those worries are not so much for the box office receipts but the home video business, which is three times as big. He says consumers may find it difficult to spend $25 to $30 on a DVD in a recession. On top of that, the actors may go on strike, he added.