NEW YORK (
TheStreet) -- The markets bounced back Monday as European debt concerns eased.
Dow Jones Industrial Average jumped 272.38, or 2.53%, to 11,043.86. The
S&P 500 rose 26.52, or 2.33%, to 1162.95. The
Nasdaq added 33.46, or 1.35%, to 2516.69.
Karen Finerman said on
CNBC's "Fast Money" TV show that she's sees a setup coming like the one in the past quarter where there was a big move from fixed income to equities.
Brian Kelly said the reports of a big eurozone bailout proposal under consideration moves Europe one step closer to printing money or euro bonds, but he emphasized there's still a long way to go.
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Joe Terranova said today's price action illustrated how sensitive the markets are to good news from Europe. He said the markets are looking for the recapitalization of European banks and the neutralization of the debt contagion that has spread to Spain and Italy.
Terranova said this kind of "good" news allows the markets to reward underperformers such as energy, industrials, financials and builders.
Guy Adami, who still is bearish about the market, said he could see another 30 points in the rally if the S&P can stay above 1620. His guess is that the S&P will test 1020.
Tim Seymour said the retail investor is not in this market. Rather, he sees hedge funds putting money to work in the absence of anything negative.
Despite the drop in gold, Adami said he could get right back in the gold trade trade, while Terranova said the better trade might be in silver where he has been in silver puts.
(AAPL - Get Report)
was down today on reports that it cut its overseas iPad orders by 25%. Seymour said he was taking the reports with a grain of salt beause the company had not confirmed them.
How worried should Apple be about
(AMZN - Get Report)
new tablet? Sarah Rotman Epps, an analyst at Forrester Research, said Amazon's first table will be formidable because it will offer content and services. She said the tablet will be more of a concern for non-Apple competitors. She said Amazon will be the Android tablet market a year from now.