FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Around lunchtime the Fast Money gang was wondering if consumers are going to lead us out of this recession. New data showed consumer confidence jumped to its highest level in 8 months – and the news sent the Dow [.DJIA
Loading...
()
] soaring by triple digits on the hope the recession may be abating.
"(It’s a) huge number -- much higher than expected, obviously giving the market a good boost here," says Todd Clark, managing director of stock trading at Nollenberger Capital Partners. "The extent of that could help consumer spending and economic growth in general. It's a good thing," he said.
Instant Insights with the Fast Money Traders
Consumer confidence isn’t typically a reason why stocks rally, reminds Fast Money trader Joe Terranova. However, Tuesday's bounce says to me there’s tremendous resiliency in the equities market.
Patterns in the S&P 500 suggest a double top in stocks, counters Greg Troccoli of Opalesque. I booked profits against long positions at 916. I’m cautious right now.
----------------
HOMEBUILDERS SHAKE OFF S&P CASE-SHILLER
Homebuilder stocks [XHB
Loading...
()
] popped higher despite new information which showed prices of single-family homes in March fell 18.7 percent from a year earlier. However the same data also offered some bullish insights -- the pace of decline slowed for a second consecutive month.
It seems to me the move higher in the housing sector stems from a belief that the worst news is now out there, muses Jon Najarian. The data from the Case-Shiller Index was so bad – I think investors are asking themselves how much worse can it get.
I agree, echoes Jared Levy, I think this is capitulation in Case-Shiller.
----------------
TOPPING THE TAPE: APPLE UP OVER 5%
Apple shares [AAPL
Loading...
()
] surged on Tuesday and was a top boost on the Nasdaq [.NCOMP
Loading...
()
] after Morgan Stanley upgraded the iPhone maker to "overweight," saying the company is emerging as the clear leader in the battle over mobile Internet and will see iPhone-driven earnings growth over the next two years
I like Apple, fundamentally explains Jared Levy. But there’s a lot of expectations for this company and I’d be selective in the sector. I don’t expect to see a surge until back to school time.
As long as the S&P 500 holds it’s upward momentum, I think it’s okay to be long Apple as well as RIMM [RIMM
Loading...
()
], Google [GOOG
Loading...
()
] and IBM [IBM
Loading...
()
], counsels Joe Terranova.
In the space, I’m very cautious of Palm [PALM
Loading...
()
], adds Greg Troccoli. It could be a sucker’s rally.
----------------
OIL, GOLD LOWER, WHEAT
U.S. crude oil futures [US@CL.1
Loading...
()
] fell on Tuesday as the dollar [UUP
Loading...
()
] gained versus the euro and the market awaited OPEC's meeting Thursday amid expectations that oil ministers will leave production targets unchanged
Tuesday’s moves are all about the dollar, explains Joe Terranova. The dollar made gains on geo-political concerns over North Korea. But for the long-term I like commodities, ag, energy and gold for a strong broad market recovery.
Near-term I’d be a seller of gold and oil, adds Jared Levy, but only for the next few weeks. Longer-term I agree with Joe.
----------------
COULD NORTH KOREA DERAIL THE ECONOMIC COMEBACK?
Overseas investors struggled with a case of the jitters after receiving word that North Korea fired two more short range missiles.
I think the ‘tell” is how China engages the rest of the world on how to address the North Korea issue, counsels emerging markets trader Tim Seymour. Until we know that, I would not form a trading thesis.
- Your First Move For Wednesday November 25th
- Web Extra: Seymour's M&A Play
- Pops & Drops: American Eagle, Green Mountain Coffee...
- Giving Thanks: Najarian
- Take Your Position: Cyber Monday
- Rick's Turkey: Fed Transparency
- Under The Radar Trades
- Our Best Black Friday Trades
- GDP Drags Stocks Lower
- Halftime Report: Is Oil Heading To $96?
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes