'Fast Money' Recap: A Big Pullback?

Stock quotes in this article: X , AMGN , TEVA , ABT , PM , TAP , JNK  

NEW YORK (TheStreet) - The markets ended mixed Tuesday on renewed concerns about an economic recovery.

The Dow Jones Industrial Average fell 11.79, or 0.13%, to 9096.72, while the S&P 500 lost 2.56, or 0.26%, to 979.62. The Nasdaq rose 7.62, or 0.39%, to 1975.31.

Rick Santelli, the moderator for CNBC's "Fast Money" TV show, said the market's been stalling at nine-month highs and asked the panel whether a correction is coming.

Guy Adami said a correction is "absolutely coming" after a gain of 100 S&P points in two weeks. "That's much too much. You have to be taking money off the table," he said.

For a breakout of stocks recently mentioned in the "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Joe Terranova disagreed, saying the rally isn't going to end on a whimper. Rather, he said he expects much higher volume with another thrust up before the market goes lower.

Tim Seymour said he would be amazed to see a big pullback. At most, he said there might be a shallow pullback of about 5%. He said the market has been supported this week by some encouraging data points, including the new home sales numbers.

Karen Finerman said she was impressed with the strength of the market to rebound after being down double-digits.

Shifting to the discussion of the dollar and gold, Adami said he sees gold dropping further as the dollar gains strength. "Gold continues to have trouble at $950 and continues to be sold off at that level," he said.

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