The traders of CNBC's "Fast Money" were well-prepared for the market rally. The crew had on notable market bears recently, such as Dr. Doom (aka Marc Faber) and TheStreet.com columnist Doug Kass, who both predicted that the market could be approaching a tradable bottom. It turns out that both were right; on Tuesday, the Dow Jones Industrial Average soared 379 points, and the Nasdaq jumped 89 points.
The panel explained that the rally was fueled by rumors of the reinstatement of the uptick rule and the potential loosening of mark-to-market accounting rules at a congressional meeting later this week. The traders aren't sure how long the rally will last, but they are prepared with plenty of ideas on how to play it if it has legs. The gang recently highlighted trading ideas that play off of high-quality companies, stocks that could benefit from demand in China and stocks to buy for the market bounce. Here are some highlights from over the past week as aggregated from the show. To read more, visit Stockpickr.com. Who's on Stockpickr Answers? Jonathan Heller will be on Stockpickr Answers on March 12 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
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