The stock market saw its best 4 days since March 2003 this week. The Dow finished Friday up 59 points and the S&P 500 closed up 11 points. The crew at CNBC's "Fast Money" took a close look at what motivated the rally, as well as raw materials and upcoming analyst days.
Karen Finerman was very impressed by the rally this week and she thinks liquidity is returning. Pete Najarian loves that money is returning to the market after both Citigroup(C Quote) and E*TRADE(ETFC Quote) received cash infusions this week. However, Tim Seymour doesn't think we are out of the woods just yet, but liquidity might be on the way. Guy Adami would be happier if the S&P 500 could close above 1490.
Leading technology stocks failed to participate in the rally Friday. Najarian thinks profit taking is coming into tech leaders like Google(GOOG Quote), Research In Motion(RIMM Quote) and Apple(AAPL Quote). He recommends selling into the strength on these names. Dennis Gartman disclosed he sold his Apple position Friday and bought Potash
Raw Material Trade
...Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.12 |
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