Pullback ‘A Great Opportunity’: Najarian

A stock market decline following comments from Federal Reserve Chair Ben Bernanke was "overdone," OptionMonster's Pete Najarias said Thursday.

"There seemed like there was panic in the streets. It was unbelievable," he said. "I thought that was a great buying opportunity. I jumped into the market."

The Dow Jones Industrial Average turned positive midday, erasing an early selloff. The S&P 500 and Nasdaq were off their lows.

(Read More: Dow Turns Positive After Initial Sell Off; HP Surges 14%)

On CNBC's "Fast Money," Najarian said that what Federal Reserve Chairman Ben Bernanke focused on was "real sustainable progress" in the economy that would begin to signal a slowdown of its asset purchases.

TheStreet CIO Stephanie Link said that it was time to "keep going with what's working."

With better-than-expected March home sales and a 15 percent increase in home prices, she said that the two sectors that would benefit included banking and housing.

Technology, too, appears to be working, as evidenced by a name such as Cisco, Link said. "Why not go in there when you know things are actually pretty good, and the stock has pulled back?"