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
TheStreet Open House

'Fast Money Recap': Dow 15,000?

Stocks in this article: AAPLBRCMCRUSXLFBAC

Melissa Lee, the moderator of the show, said that Masco (MAS) was down on a revenue and earnings miss. The company manufactures, distributes and installs home improvement and building products.

Adami said he could see weakeness in Home Depot (HD) on top of Masco's miss.

Terranova said Armstrong World Industries (AWI) is in a similar situation as Masco's.

Lee brought in Mark Hulbert, a senior columnist for Marketwatch, who predicted the next 1600 points may be to the downside for the Dow based on the pattern of insider selling.

He said the sell-to-buy ratio has jumped to 5.77 to 1 in February, the highest since late July 2011. He said the sell-to-buy ratio in November was 0.81 to 1.

He said insider selling at this pace has historically led to a drop in the Dow.

Dow 15,000? Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania, said that could happen in the next two years. Siegel based his bullish forecast on valuation, saying the long-term P/E ratio is below 15 and the economy is benefiting from very low interest rates.

He said 15,000 is actually a modest goal that can reached with the Dow gaining 8% this year and 2013. He doesn't see a problem rising from the Fed tightening interest rates as much as later on at the end of cycle.

Finerman said she worried about the impact from a dramatic rise in interest rates. Nathan said there are many other better places to invest if the Dow rises to 15,000.

Lee noted that Louis Bacon, founder of Moore Capital, will be required to provide details on risk management and trading under the new Dodd-Frank legislation. CNBC reporter Kate Kelly said the first round of disclosures won't be incredibly revealing. However she said the second round will be for hedge funds with $1 billion or more in assets because they will have to disclose information on leverage, specific positions and strategy to the SEC and Treasury.

Shipping stocks have been on a roll. Dennis Gartman said investors should buy these stocks despite the fact the Baltic Freight Index is down 95%. He said the fundamentals are lagging the movement of the stocks.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • 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