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Expect ‘significant’ September boost: Pro

The Federal Reserve appears unlikely to taper its $85 billion-per-month of asset purchases next month, sending stocks higher, OptionMonster's Jon Najarian said Monday.

"I think that we're not going to see the first tapering until October, so I think could actually have a pretty significant boost in September because of that," he said.

On CNBC's "Fast Money," Najarian said that tapering would see three to four months of "slack demand for mortgages."

Investors would start to come in off the sidelines in January, once the market shows signs of stabilizing, he added.

"We've shaken off any specter, I think, of the Fed coming in with their plan on September because of how weak the economy has been," Stephen Weiss of Short Hills Capital said.

That could lead stocks higher, he added.

(Read more: Get your stock 'buy' list ready: Mike Murphy)

Weiss, who previously that said he was sitting on more cash recently than he had been in a long time, started buying stocks late last week.

"The story about second-half recovery now seems to be fading, so I think it bought some time in terms of the taper," he said.

Mike Murphy of Rosecliff Capital said that he was focused on fundamentals, looking to buy "on a major pullback."

(Read more: Facebook stock cracks $40—now what?)

"If you don't get the taper, then I think financials do well," he said. "If we do get the taper, I think financials are going to be there to support an improving economy."

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

Trader disclosure: On Aug. 26, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephen Weiss is long AAMRQ; Stephen Weiss is short FB; 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 EBAY; Stephanie Link is long FB; Michael Murphy is long BAC; Michael Murphy is long C; Michael Murphy is long FB; As of 8/21 Jon Najarian is long AAPL; Jon Najarian is long EBAY; Jon Najarian is long GRPN; Jon Najarian is long MSFT; Jon Najarian is long QCOM; Jon Najarian is long MSG; Jon Najarian is long TOL; Jon Najarian is long JCP; Jon Najarian is long HLF; Jon Najarian is long CREE.

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