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: Resilient Market

NEW YORK ( TheStreet) -- The markets eked out a gain on Friday despite a rise in the nation's jobless rate to 10.2%.

The Dow Jones Industrial Average rose 17.46, or 0.17%, to 10,023.42, while the S&P 500 added 2.67, or 0.25%, to 1,069.30. The Nasdaq rose 7.12, or 0.34%, to 2,112.44.

Karen Finerman said on CNBC's "Fast Money TV" show it was impressive for the market to come back after the release of the high unemployment number. "The bull market seems to be back," she said.

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 the data for the entire week was good, from the strong retail sales report to the Federal Reserve keeping rates low to the encouraging manufacturing report from the Institute for Supply Management.

Guy Adami said he was worried about the high unemployment number that seems to be trending higher. He said employers know they can increase productivity without having to hire. He also said the high jobless rate might cause people to spend less.

Pete Najarian said the high jobless number, though bad, seems to be baked into the market. He said volatility is very low. "People have zero fear. They have dropped fear off the list."

Seymour noted one disturbing report today that showed a decline in consumer credit. He said it's not good news for banks, credit card companies and retailers when $14.8 billion was pulled out of consumer credit in the past month and $140 billion in the past 14 months.
1 of 4

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
JEF $0.00 0.00%
AU $16.45 0.00%
EEM $34.39 0.00%
FCX $14.00 0.00%
GHL $22.02 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs