NEW YORK (TheStreet) -- The markets soared Wednesday as central banks moved to ease the liquidity crisis in Europe.
The Dow Jones Industrial Average jumped 490.05, or or 4.24%, to 12,045.68. The S&P 500 rose 51.77, or 4.33%, to 1245.96. The Nasdaq was up 104.83, or 4.17%, to 2620.34.
Mark Fisher said on CNBC's "Fast Money" TV show that the huge rally caught a lot of traders underinvested. He said today's action could lead to a pretty significant rally to the end of the year.
Dennis Gartman said it's pretty difficult to fight when all the central banks take concerted action, along with China's rate cut.Pete Najarian said that the rally slammed the VIX, which was down 9.27% for the day. 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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV