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: A Relief Rally

NEW YORK (TheStreet) -- The Federal Reserve finally announced that it would begin tapering its asset purchases under quantitative easing. Investors cheered the move as the S&P 500 closed at all-time highs. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner at Triogem Asset Management, said the Fed's decision removes a big headwind for investors and provides a lot of clarity, something market participants love. 

Karen Finerman, president of Metropolitan Capital Advisors, said the Fed has done a great job and the economy has been improving nicely. She added her hope the Fed sees continued economic improvement. 

Dan Nathan, co-founder and editor of riskreversal.com, noted the CBOE Volatility Index (VIX.X) dropped 15% on Wednesday and added that a lot of managers use it as a cheap form of portfolio hedging. 

Guy Adami, managing director of stockmonster.com, said the industrial sector should continue to work and he likes Honeywell International (HON)

Seymour said emerging markets should do well going into next year. He suggested the Market Vectors Russia ETF (RSX) and the iShares MSCI Brazil Capped ETF (EWZ) for investors who want a "high-octane" trade. 

Finerman said she plans to stick with the financial sector, which should benefit from improving asset and housing prices, along with a better economy. 

Specifically for financials, Adami likes Blackstone (BX), Prudential Financial (PRU), and U.S. Bancorp (USB)

1 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 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

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