'Fast Money' Recap: Market Still Looks Good

The markets pulled back Tuesday after reality sent in on the Treasury's financial rescue plans.

The Dow Jones Industrial Average fell 115.65, or 1.49%, to 7,660.21, while the S&P 500 lost 16.58, or 2.01%, to 806.34. The Nasdaq slipped 37.34, or 2.40%, to 1,518.43.

Pete Najarian said on CNBC's "Fast Money" TV show that the pullback "made sense" after the 500-day rally on Monday. He noted the financials surprisingly had a run while Fed chairman Ben Bernanke and Treasury Secretary Timothy Geithner were being grilled in Congress today.

Guy Adami remained very bullish about the market. "By Friday, we will get back all we lost and add 150," he said.

Tim Seymour said the market performed well technically. "We could have given up a whole lot more," he said.

Dylan Ratigan turned to Karen Finerman for her assessment of Day 2 of the Treasury's plan to deal with toxic assets. Finerman had a "mixed" response. While there is a great deal of interest from the PIMCO's of the world in picking up these distressed assets, she wondered what the price is going to be for these assets. "It's important because a low price will hurt the capital base of the banks," she said.

Ratigan pointed that investment banks like Goldman Sachs (GS Quote) and Morgan Stanley (MS Quote) have performed well. Seymour said both stocks have behaved fantastically, especially Morgan, which punched through its 200-day moving day average.

Seymour also said Goldman has moved up on chatter about its plan to sell off its stake of a Chinese bank and using it to return the TARP money.