NEW YORK ( TheStreet) -- The markets rallied Tuesday on a resurgence of M&A activity.
The Dow Jones Industrial Average jumped 103.84, or 1.01%, to 10,405.85, while the S&P 500 added 13.16, or 1.22%, to 1,092.54. The Nasdaq rose 27.57, or 1.26%, to 2,209.44.
Guy Adami said on CNBC's "Fast Money" TV show that he believes the market will head lower despite today's rally.
Gary Kaminsky said he wasn't impressed with today's M&A activity, calling it a five out of 10. He said it would have to be significantly stronger to move the market higher.Karen Finerman, though, was encouraged by BHP Billiton's (BHP) spurned bid for Potash. She thought it was a very aggressive move that fostered confidence and could ignite other M&A activity in that space. 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
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