The market may be setting up for correction, but there is a general lack of concern among traders.
Bolling: The market is in good shape, guys! Ben won’t raise rates.
Strazzini: The market doesn’t have any catalyst and is very thin right now.
Macke: The market is trading fine, there is a lot to like about it.
Adami: CBE is a BUY.
GOOG Corners Office
Macke: It’s about time for GOOG to take a shot across MSFT’s bow. SUNW is the real winner in all of this.
Strazzini: Focus on content…YHOO is the winner.
Bolling: Now is a great time to BUY GOOG.
Adami: YHOO is the name to own in 2007.
Macke: YHOO will get it done.
The Global Trade
Jane Wells, CNBC Analyst in Mexico City: Mexico is on fire. AMX is off like a rocket. HXM, CX and WALMEX.MX also doing well.
Strazzini: Mexico and Brazil have been great plays, but I like Korea, Singapore and Malaysia better.
Bolling: The international indeces are outperforming the US market. E-Trade announced they will be letting investors buy individual foreign stocks…will be HUGE.
Macke: Canada is my international pick.
Strazzini: I would buy DNH.
Adami: CX is definitely in play.
Street Fight with Herb Greenberg
Herb: BBW is terrible! Their same-store sales are dismal. Macke: These guys can go private in a million different ways, they are a takeout candidate.
>Herb wins the fight // Overturned at end of segment, win goes to Macke.
Herb: AMAT is awful. Strazzini: The stock is deeply discounted right now and they are the industry leader. Own it before the cycle tells you to buy it. The stock will go to $21.
>Strazzini wins the fight.
Bolling: Overheard “I hate my f*cking Palm!” RIMM is beating the crap out of PALM. Herb: PALM is a classic buyout play.
Bolling: You can’t use that argument! You just told Macke he couldn’t use that logic!
>Bolling wins the fight.
Word on the STreet
Adami: SELL AAPL. At $90, you’re in no-man’s land. Wait to get in until the next catalyst for the stock shows itself.
Bolling: You can buy AAPL here. Be long the refiners.
Macke: JCP is a turnaround story, buy the dip. FD is a better play though in this space. BUY the RTH.
Strazzini: The Chips are working. STM is a BUY.
Adami: TOL is not cheap and management even says not to expect much in the near-term.
Bolling: NEM had a big day today. Their costs are rising but the price of gold is up. NEM and all miners are BUYS.
Macke: SWY is down and WMFI took off today. SWY fundamentals are strong. BUY SWY.
>>Happy 52 Week High to CHDN<<
Face2Face
Katie in VA– When will e pull out of the housing slump?
Adami: I can’t tell you, but the fast money has already been made in housing. CBE, GLYT, CT are BUYS.
Laura in IN– What’s a good starter stock?
Macke: There aren’t really good starter stocks. USO is a good stock to hold for 5-10 years. Also, BUY COST, DIS and GPS.
Rocky Allen in NY– What is your favorite gold play?
Bolling: GLD and ABX.
Take profit off the table with AUY.
Dirty Trades: Porn
Bolling: LNET is a BUY. Look at the chart! Wow.
Macke: DTV is a good BUY. PLA is a good takeover candidate.
FINAL TRADE
Macke: BUY SWY.
Strazzini: BUY PNRA.
Adami: BUY CX.
Bolling: BUY FXE.

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