NEW YORK (TheStreet) -- The broader market was able to rally Friday and close in positive territory.
Guy Adami, managing director of stockmonster.com, said the historically high margin debt levels could be a warning sign there are too many longs in the market. He added that it would be healthy for the S&P 500 to have a meaningful correction down to the 1,670 level.
Tim Seymour, managing partner of Triogem Asset Management, said the bearish sentiment hit its lowest level since 2005, suggesting participants are a little too bullish.
Brian Kelly, founder of Brian Kelly Capital, pointed out the Russell 2000 got hit hard for the third straight session while the S&P 500 held up fine, which could be a cause for concern.
He added the broader market is two standard deviations above its long-term trend, suggesting that we're getting "toppy."
First Solar (FSLR) was up 18% on Friday. Ben Kallo, an analyst at R.W. Baird, was a guest on the show and said the stock had a high short-interest and needed to play catchup after severely lagging some of its peers. He added the solar industry is not in a bubble and his favorite pick is SunPower (SPWR).
Seymour said he likes SunPower because of its fundamentals and strength in emerging markets. He also likes Trina Solar (TSL) because of its valuation, fixed oversupply issue and profitability.
Kelly said investors currently long Berkshire Hathaway (BRK.B) can hold the stock, but he would not recommend initiating a new position.