'Fast Money' Recap: Bulls Take Charge

NEW YORK (TheStreet) -- The bulls made another emphatic statement Wednesday amid further signs of a recovering economy.

The Dow Jones Industrial Average jumped 108.30, or 1.12%, to 9791.71, while the S&P 500 added 16.31, or 1.53%, to 1068.76. The Nasdaq rose 30.51, or 1.45%, to 2133.15.

Industrial, resource and financial names led the advance as gold soared to $1018 an ounce on fears of inflation from an economy that is starting to show signs of life.

Guy Adami said on CNBC's "Fast Money" TV show, that the market wants to go higher despite his dire warnings all along of an impending correction. Adami said the after-hours market reaction to Oracle's(ORCL Quote) disappointing sales is more reflective of what "is going on in corporate America."

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Tim Seymour said signs of growing industrial production and capacity utilization are giving a lot of ammunition to the bulls, with expectations that the industrial names will beat on the top line for the current earnings cycle.

Joe Terranova said the only thing that matters now for investors is the percent change in the S&P, which is up 18.32% year to date.

Pete Najarian said options activity surged to 22 million contracts, as investors continued to gobble up cheap put protection as they buy stocks.

Shifting to the Oracle earnings report, Adami said the glaring part of the report is that its new software licensing revenue was down even though the company is being run better. Najarian said Oracle was due for a pullback after a 40% move up since March. He said it's time to consider getting into it.