This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

'Fast Money' Recap: The Streak Continues

The markets edged up on Friday marking the sixth consecutive week of gains.

The Dow Jones Industrial Average was up 5.90, or 0.07%, to 8,131.33, while the S&P 500 rose 4.30, or 0.50%, to 869.60. The Nasdaq rose 2.63, or 0.16%, to 1,673.07.

Joe Terranova said on CNBC's "Fast Money" TV show there is still a sentiment of disbelief in the rally despite technical signs that show "there's no reason to get out."

Pete Najarian said the volatility index dropped 5% today to 33.94, with 22 million options traded today - "one of the top 10 days of all time." "It tells me people are getting into the markets. They are a little less fearful than they were," he said.

Zachary Karabell said that all that was was needed for the financials to stop going down. He said that has happened as credit markets have stabilized. "Some of the money to shore up the dam in the credit markets can move to the equities," he said.

Tim Seymour said everyone that needed to give the markets leadership did, including Intel (GE), Google (GOOG - Get Report) and Citigroup (C).

Melissa Lee, the moderator of the show, said the S&P is just 4% away from positive territory for the year. "This has been a tremendous year for the S&P," she said.

With Morgan Stanley (MS - Get Report) slated to report earnings Wednesday, Terranova said the assumption is that the company will earn a lot from its trading activity as other financial peers have.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.45 -0.27%
COP $32.60 2.30%
GOOG $681.37 -0.25%
IBM $120.25 2.00%
MCD $117.84 0.95%


Chart of I:DJI
DOW 15,881.73 +221.55 1.41%
S&P 500 1,851.11 +22.03 1.20%
NASDAQ 4,301.9720 +35.1350 0.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs