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Dylan Ratigan hosted CNBC's "Fast Money" show Tuesday night. He started the show with a discussion of the rally in the stock market today. He explained that today's rally was the biggest run on an Election Day in history.

Jeff Macke pointed out that the rally was across the board except for the dollar, which was weak. Tim Seymour said the "risk trade" is back on. Pete Najarian told viewers to look at how the volatility has come down on stocks such as

Goldman Sachs

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. Guy Adami said fundamentals are back in play and people are starting to regain their confidence in the U.S. equity markets. He says "the selling from redemptions appears to be over, but we are still in that range."

Seymour said to look at some of the steel names such as


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, which trades at two to three times earnings. Macke told viewers he sold

Burlington Northern



He also said the dollar looks like it's coming into a "buyable level," and he said he would play it with the

PowerShares DB US Dollar

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around $25 per share. Seymour mentioned that he picked up some

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TheStreet Recommends

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to hedge against some of the stuff he is long.

Ratigan switched the conversation to the change in power coming for the Treasury once the presidential election is over. Adami said that if Barack Obama wins, he will name Larry Summers as the Treasury secretary by no later than Friday of this week. He says "bank stocks will outperform in the next 18 months."

Najarian mentioned that he bought some

Charles Schwab

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today, because the online brokerage reported record numbers. He told viewers to look at

TD Ameritrade

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, which also reported record online trading numbers.

Ratigan highlighted a chart of Goldman Sachs, which is down 58% on the year. He asked the traders, "What is going on at Goldman Sachs?" Adami said Goldman will figure out how to make money in the next year and the stock will recover. Macke called Goldman the "Sharon Stone of finance." Najarian says "the market is telling me that the problems at Goldman Sachs are starting to get lower." He also mentioned that "diversification" by CEO John Mack has saved

Morgan Stanley

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for now.

The traders talked about some unusual options activity in


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. Najarian said over 16,000 December puts traded on Starbucks yesterday. He pointed out that the stock didn't trade up in yesterday or today's stock market rallies. Najarian says "the December 10 and 12 puts are seeing some aggressive buying."

Dem Super


Steve Liesman joined the traders to discuss whether a supermajority win in the Senate for the Democrats will scare the markets. He explained that the super majority will come down to Minnesota, Kentucky, Mississippi and Georgia. He said the most probable outcome is for the Democrats to win 58 seats and not the filibuster-proof 60 seats. He says, "If Obama wins, he will play the middle to keep the Senate in line."

Obama Trade

Jon Najarian of joined the gang to talk about Obama's plan to spend $15 billion in the next decade on renewable energy. He said

Archer Daniels Midland

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is his top pick off this trend. He also likes





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, because we will have to put stuff in the ground to grow renewable energy.

Najarian mentioned that Obama wrote a piece in the

Wall Street Journal

that was bullish on the broadband infrastructure build-out. He said to look at names like

Akamai Technologies

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to play the potential build-out.

Cramer's Election Trades

Jim Cramer, co-founder and chairman of

and host of


"Mad Money," joined the traders to discuss how to trade the election. Cramer said the market is trading like both presidential candidates are going to win with

Exxon Mobil

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trading up and health care and biotech stocks trading down. He says "I want to sell the oils."

He mentioned that if oil goes down $2 tomorrow, then the alternative energy names will get slaughtered. Cramer said the rally in the infrastructure group is going further and the selling is over in

Foster Wheeler


. He told viewers he wouldn't sell the tobacco stocks, because he is "hungry for yield."

Trader Radar

Shares of

Nissan Motor


were among the most active names on the


on Tuesday.

Final Trade

Macke said sell some Burlington Northern Santa Fe. Adami told viewers to check out

Becton Dickinson

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. Seymour recommenced the UltraShort MSCI Emerging Markets ProShares. Najarian picked Charles Schwab.

This article was written by a staff member of