Where do we go from here. Are the guys more or less confident in the face of Thursday’s rally?
Eric Bolling says the rally was a bullish signal and on a related note, he especially likes the 3rd quarter of the year before a Presidential election. Historically during this period he says the market moves higher.
Guy Adami says the global story is compelling and he tells the panel to take a look at big cap industrials such as Honeywell (HON) , Caterpillar (CAT).
Jeff Macke says roll up your stocks, which means if you have a sell point bring it up higher.
Pete Najarian says the volatility index went up on Thursday which is not what he’d expect. He’s still bullish, but also cautious. He especially likes energy stocks and internationally exposed companies.
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Trader disclosure: On July 12th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Macke Owns (EMC), (SWY), (JWN); Bolling Owns (MPEL), (ICE), (NMX), Gold, GE Is The Parent Company Of CNBC