) -- The markets roared Thursday after agreement was reached on an eurozone debt bailout plan.


Dow Jones Industrial Average

jumped 339.51, or 2.86%, to 12,208.55. The

S&P 500

added 42.39, or 3.43%, to 1284.59. The


soared 87.96, or 3.32%, to 2738.63.



's "Fast Money" TV show focused heavily on the eurozone debt agreement. The show departed from its usual trading panel format, with the regular members of the panel not appearing until 10 minutes before the end of the show.

Instead, Scott Wapner started the show by asking a number of experts for their opinions about the eurozone debt agreement.

Steve Cortes said the euro deal took "collapse off the table" but he was worried about the excessive euphoria. He said the market is not heading toward a major growth trajectory.

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

var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1243125217001; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);

Mike Khouw agreed, saying the market felt a bit stretched and overexuberant.


senior stocks commentator Herb Greenberg said the entire market has been overbought for quite some time.

Options trader Scott Nations said the rally wreaked of short covering with some of the worst stocks of the year such as material names performing the best. He said there was a lot of performance chasing by underperforming money managers. He said that the situation could change abruptly if there is a bump in the road in Europe next week and the dollar recovers.

Jon Najarian said the options activity was heavy, with 28 million contracts, 10 million more than normal. He said

Freeport McMoRan

(FCX) - Get Report

was a beneficiary, along with

Barrick Gold



Peter Atwater, president of Financial Insights, said the deal increases the risks for Germany. He said German Chancellor Angela Merkel has to assess carefully the conditions in the deal. He said what concerns him most is the both "the strong and the weak are in the same boat."

Anthony Scaramucci said a lot of hedge funds were lagging because they were caught in an under-risk position. He said they were in a very defensive position.

Guy Adami, who has been bearish about the market, simply said the market wants to go up no matter what he believes. He said there are certain stocks that will continue to do well such as


(IBM) - Get Report


Brian Stutland said the rally brought back retail investors to the market. However, he said these investors need to know the market is extremely volatile and that it might be best for them to consult a financial advisor to help them manage risk.

Shifting to technology and



(HP) - Get Report

decision to hold onto its PC division,


reporter Jon Fortt said the company came to that conclusion after a careful review of the data. He also said it was evaluating the future of its webOS software.

Terranova said in terms of trading HP, the stock is cheap and will benefit from the flood of money coming into the market. Adami advised taking profits in HP, while Finerman said she would be a buyer of the stock.

Simon Hobbs noted that


(BIDU) - Get Report

was up after it turned in a strong earnings report. Fortt said Baidu continued to exceed expectations.

Stutland said Baidu's valuation is still high. He said investors in the stock still believe in the China story. He said he preferred


(GOOG) - Get Report

over Baidu because its valuation is cheaper and it has the capital to grow beyond search.

Shifting to commodities, Dan Dicker, senior contributor for


, said the risk-on move in commodities is not sustainable, especially in crude.

Wapner shifted to the financials and

Morgan Stanley

(MS) - Get Report

, which was up 17%. Finerman said the financials have benefited from a steeper yield curve. Scaramucci said a safe economic environment bodes well for banks. However, he said the jury is still out on whether banks can make money in a new regulatory environment.

Rich Volpe, RBS's global head of USD rates trading, said it was a huge day for the bond markets. He said there was heavy selling of Treasuries, especially in 10-year bonds.

In the final moves, Adami liked


(AME) - Get Report



Written by David Tong in San Francisco.

>To contact the writer of this article, click here:

David Tong


To submit a news tip, send an email to:


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


Follow on


and become a fan on