NEW YORK (TheStreet) -- West Texas Intermediate slid 2.7% to $78.38 per barrel on Monday. This will be beneficial to consumers but seems to be a sign of deflation and a global economic slowdown, said Guy Adami, managing director of stockmonster.com. Lower oil prices seem like a "warning sign" for U.S. equities, he added.
"Every market is being rational except for ours," said Brian Kelly, founder of Brian Kelly Capital. The stock market looks vulnerable near current levels. He is a buyer of the U.S. dollar and the iShares 20+ Year Treasury Bond ETF (TLT) .
Pete Najarian, co-founder of optionmonster.com and trademonster.com, said investors should consider buying portfolio protection now that the volatility index has decline so much. He is a buyer of financials, chipmakers and pharmaceutical companies.
Staying long U.S. stocks could be a "sucker's trade," according to Dan Nathan, co-founder and editor of riskreversal.com. The strong U.S. dollar will be a headwind for multinational companies.
One company that won't suffer from the strong U.S. dollar is Alibaba (BABA) . Neil Doshi, managing director and senior analyst at CRT Capital, has a buy rating on the stock with a $95 price target.
Alibaba is likely to beat estimates and have its stock price move higher as a result, he said. Nov. 11, Singles Day in China, should be a huge day for the company in terms of revenue. He pointed out that the syndicate banks that handled the IPO have higher earnings estimates than those of the non-syndicate banks.
After breaking above $46, it appears that it's time to take profits in shares of Yahoo! (YHOO) , Adami said.
Alibaba is a "mature company that's very profitable," Najarian. The company will "crush" estimates and the stock will move higher.
Not so fast, says Kelly. Alibaba has most of its exposure to China, which appears to be slowing. If that's the case, then owning shares of Alibaba may be risky.