'Fast Money' Recap: The Retail Blues

He said a better indicator of where the economy is heading is the sales of good and services. For example, he said that a rise in auto sales in January could lead to increases in production of steel and other materials.

Macke, though, expressed doubts whether GMAC, the auto financing arm of General Motors(GM Quote) could stimulate the economy.

Joe Terranova told Ratigan said investors should be wary about getting into oil because oil prices are still in a very deflationary environment and haven't been able to crack the 50-day moving average.

He said a less risky bet would be to get into stocks like National Oilwell Varco(NOV Quote) and ConocoPhillips(COP Quote).

He also liked CurrencyShares Canadian Dollar Trust(FXC Quote) for its exposure to oil.

In the final trades, Macke said he liked Potash(POT Quote), while Seymour and Najarian said they liked CSX(CSX Quote).

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