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Second-Half Stock Surge or Swoon?

It's unlikely the Federal Reserve will mess with quantitative easing in 2013, OptionMonster's Jon Najarian said Monday.

"I've said all along, I don't think they can possibly move on quantitative easing this year," he said. "Now everybody focused last week on whether or not September would be a kick-off for some sort of indication of pulling back from the stimulus."

On CNBC's "Fast Money," Najarian said that there was little reason to fear the Fed backstopping the market.

"I don't think they can do that until early next year at the earliest," he added.

(Read More: How to Hold Gains Through 2013: Pro)

TheStreet CIO Stephanie Link also said that stocks were headed higher in the second half of the year.

"I'm thinking surge," she said, noting that recent economic data had been positive.

"Last week we had consumer confidence, we had durable goods, we had home sales," she said, also noting sales of HVAC units for new homes and indicators of strong auto sales.

(Read More: 'A Good-News Economy' Ahead: Pro)

"I'm not saying we're healed," Link added, also noting that sequestration was providing a drag on the economy.

"If you can get this data to be this good now, just imagine in the second half of the year it gets a little bit better," she said. "And then if they do taper, we have more confidence that we can handle it better."

Trader disclosure: On July 1, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long TRV; Joe Terranova is long AXP; Joe Terranova is long OXY; Joe Terranova is long CRUDE OIL FUTURES; Joe Terranova is long MINI S&P FUTURES; Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long FB; Stephanie Link is long EBAY; Jon Najarian is long AAPL; Jon Najarian is long GLD; Jon Najarian is long ALXN ; Jon Najarian is long DFS; Jon Najarian is long EXC; Jon Najarian is long MAR; Jon Najarian is long OC; Jon Najarian is long SUNE; Jon Najarian is long TIVO; Jon Najarian is long TMO; Jon Najarian is long ZNGA; Jon Najarian is short NEM puts; Jon Najarian is short ABX puts; Jon Najarian is short AGQ puts;

For Tavis C. McCourt
Raymond James & Associates makes a market in shares of the Apple Inc.


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