He said volatility is still a concern, adding his expectations that the volatility index will settle in the 20's. He said he is looking for companies with exposure to global demand. In particular, he is looking for a balanced portfolio of cyclical and defensive stocks of companies with strong balance sheets, dividend growth and a growth profile.

Pete Najarian said that McDonald's ( MCD), Coca-Cola ( KO) and Caterpillar ( CAT) fit that profile.

Lee brought in Enrique Salem, president and CEO of Symantec ( SYMC) to talk about a recent company survey of global companies that showed that 21% of them seeing an increase in cyber attacks.

He said today's attacks are broad-based, targeting intellectual property including stealing source code, patents and formulas and other expensive IT.

He said there have been attacks on critical infrastructure such as a power grid or financial infrastructure.

He said his company has exceeded Street estimates the past four quarters in a market that is seeing an increase in spending on cyber security.

In the final moves, Weiss said he was betting against steel, including AK Steel ( AKS) and US Steel ( X). Jon Najarian advised investors to take advantage of the situation if the markets make a big move Friday up or down. Adami liked Church & Dwight ( MCP). Pete Najarian said he saw some more upside in Cliffs Natural Resources ( CLF).

--Written by David Tong in San Francisco.

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