'Fast Money' Recap: An Ugly Jobless Report

From a trading standpoint, he said, investors should invest in headlines, such as alternative energy stocks when green projects are announced. In addition, he sees investment opportunities in regional banks and retailers which stand to benefit from higher consumer spending.

Seymour said the same spike in spending should occur when home buying picks up when the federal subsidy programs start to take hold.

At the close of the show, Melissa Lee was asked to comment on the volatile impact hedge-fund redemptions are having on the market. She noted an estimated $200 billion worth of redemptions still have to be made between now and the end of this year.

She noted hedge funds are hurting badly to the point where they have "gated" investors from making withdrawals. According to Bloomberg, over 80 hedge fund managers have limited withdrawals in the past two months.

She said the hedge fund selling is not limited to equities, but is across the board, including commodities, where "they are big players."