This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Bernanke Delights Markets

Stocks in this article: EBAY INTC TKC TROW GLW F

NEW YORK ( TheStreet) -- The markets soared after the Fed's decision to maintain the status quo on interest rates and quantitative easing.

The Dow Jones Industrial Average jumped 95.59, or 0.76%, to 12,690.96. The S&P 500 rose 8.42, or 0.62%, to 1355.66. The Nasdaq gained 22.34, or 0.78%, to 2,869.88.

The trading panel on CNBC's "Fast Money" show focused on Bernanke's comments in his first press conference.

Tim Seymour commended Bernanke for his transparency and for not "throwing any curve balls." He said the Fed will do all that it can to get people to invest in the U.S. even though it means living with a weak dollar, a route the markets have endorsed.

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

Karen Finerman said Bernanke obviously wants to continue on the course he's taken and deal with reality later.

Brian Kelly was struck by how much Bernanke said and how he provided the reasoning behind the Fed's moves. He said his comments will move the markets higher because investors have to be in assets that beat inflation.

Zachary Karabell said the market likes the "endless liquidity" the Fed's policy is producing. He said there's no hint yet just when the pullback will occur.

Karabell also noted that a number of Fed governors would like Congress to remove the full employment mandate from the Fed and have it just deal with price stability in the manner that the European Central Bank does.

Melissa Lee, the moderator of the show, said that silver recouped its big loss on Tuesday by surging 6.21% today. Kelly maintained that gold is still the better trade, noting silver is too speculative.

Seymour agreed, saying that the rise of silver is being fueled by the falling dollar. Kelly said that the moves in silver are volatile because it is a small market that is vulnerable to swings in the futures. Karabell said he was comfortable with the silver trade because it is "a pure liquidity trade" and a momentum play.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs