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'Fast Money' Recap: China Worries

In addition to General Motors (GM), which announced a natural gas powered line of pickups, Chrysler and Honda (HMC) are also moving in that direction, he said.

Lee noted that IBM (IBM) broke through $200 today. Finerman said Big Blue is fairly priced and has done a great job. Adami said that IBM has been rewarded for its visibility, although he admitted the stock may be stretched at this price level.

In the Fast Money Portfolio segment, Lee brought in Steve LeBlanc, senior managing directgor for the Teacher Retirement Fund System of Texas, which has enjoyed a handsome return on its private equity investments.

He said the private equity portion of the $110 billion fund is $40 billion, $25 billion of which is fully invested. He said the private equity return in 2011 was 22% and has outperformed the S&P over five and 10 years.

He said the private equity investments have worked so far because the fund has been working with its partners to look for investments that are transparent and feature good governance.

He said he is looking at investments in multifamily housing and value-added office investments in good job-growth areas in the country.

In the currency segment, Amelia Bourdeau, a director at Westpac Institutional Bank, said she was staying clear of the euro until the Friday results of the ECB bank meeting and press conference. She said the Aussie dollar is overvalued and would favor a trade in which she would sell the Aussie dollar against the New Zealand kiwi.

In the Volatility Playbook, Matt Hogan, of Indexuniverse, was highly critical of exchange traded funds that invest in the VIX futures markets. He said these funds dominate the entire market futures and have dictated pricing for outdated volatility, causing the products to lose value.

In the final trades, Seymour recommended Gold Fields (GFI). Adami liked Precision Cast Parts (PCP). Finerman was a seller of Children's Place (PLCE), while Kelly liked PowerShares QQQ Trust (QQQ).

--Written by David Tong in San Francisco. contact the writer of this article, click here: David Tong.

To submit a news tip, send an email to: tips@thestreet.com.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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