with the fed meeting on tap and the g-20 meeting later on in pittsburgh is this xhart. the dollar dictating the market perhaps. two-month chart paints a picture. every up move in the dollar is matched by a move down in the s&p 500. as we see strength going into the dollar this week because people are seeking out safe havens we could see the markets that are a little bit contained. are we able to shirk off the direction of the dollar at this point? >> i don't know if it's so much of a dollar trade. i mean, the dollar's moved so much, it's back a little, it's not really a -- and i think the fomc won't be that newsy. i think anything different than what they have been doing would be news. i don't think that's going to happen. to me the next short-term catalyst will be jobless claims. if we get a good number, then i think we could see the market continue higher. >> but i think it's about policy change. karen's mentioning she doesn't expect it. i don't expect it. and you combine that with the g-20. there's reason to be sidelined. it makes a lot of sense. it's also a very crowded trade spop it doesn't surprise me it takes a little in the other direction to see people

covering, getting flat ahead of important news. i do think there's a lost pressure on the united states and the other heavy stimulus economies to begin to discuss a strategy pour combining with the developing world to balance this out because i would say the china we all know needs to have a developed -- excuse me, develop their domestic market, but that can't happen overnight. so watch this rhetoric out of the g-20. it will be dollar negative. and that's what's going to put more pressure. >> but i do think the dollar remains higher throughout -- heading into the g-20 meeting. i mean, listen, you have foreign central banks coming over here. they are the largest holder of dollar reserves. i don't think the dollar is going to depreciate significantly with them setting foot here in pittsburgh, pennsylvania overt next couple days. you are going to see a strong dollar into that meeting. i do think there are things that you have to watch out for out of the g-20. we will highlight them. but i think the regulation that is being proposed right now, that is going to strip away some of the bank profits, and i think that is worth watching. >> is that i concern to you, karen, that the g-20 comes out awith some rhetoric about

reining in compensation for executives and that will in fact rattle us or the financials in general? >> i think that will blow over pretty quickly. sorry? >> i think it's noise. that's the politics they need to come away with, they need to note pitchforks are out. >> they need to -- >> some guy comes from europe to pittsburgh and says we want to rein in penceation. i'm not going to believe him. i'm going to believe the guy on the hill. why are you laughing? >> well, guys from europe, they get stuck in pittsburgh. i'm kidding. pittsburgh's a great city. it's a joke. no e-mails. >> it's changed. apparently has one of the loveliest -- >> the best football team in the country. they win every year. >> let's move on to the corollary to the dollar trade. and that is gold. retreating for the third straight day. closing closer to but not below the $1,000 mark. we do have some dollar strength the next few days, we could see gold go below $1,000 an ounce. joe-l that cause you to get back into this trade? >> well, i'm getting back in gold once gold breaks the bear stearns high of march of he 08.

>> which is? >> 1,033.90. >> is it still the bear stearns high if bear stearns is in fact no longer -- >> we'll call it something else. but that's where you get back in the trade. when you look at gold, this is one of the bearish components today where you said you know, gold's rolling over, it looks like the market itself's going to roll over. the imf story, that's a two to three-year story. but it is significant. they are selling an eighth of their holdings. remember, they are the third largest holder of gold besides the u.s. and germany. obviously, the united states is a willing participant to the imf to do that. so i do believe that is the story. because a lot of people right now saying you know what, the imf selling gold is not the story. i take the other side. >> but i heard tim at 3:30ar stay away from the miners. i know joe talked about newmont mining 46 1/2. 49.84 high on june 1st. traded back up to 48 again. i think this thing is topee. big valuation. their last quarter they reported wasn't great. if you want to be in gold, god bless, but don't be in gold vis-a-vis newmont mining. >> and that which was so

bullingish which had barrick in the market buying back their hedges, newmont has a shelf registration in place, other guys could be coming to market. if you're a gold miner here there may be no better place to come in the market and raise some stock. not careful about that, there's some heaviness and expectation more guys are coming out. >> the valuations on these are too high. jpmorgan points out the forward p/e on the gold miners 27. historically they should trade about 20. caveat emptor when it comes to the -- >> buyer. >> buyer beware. yeah. the latin coming out. miss bartholomew-f you're watching, you should be proud. my latin teacher in high school. >> mrs. barth. nice. >> miss bartholomew, actually. nun. >> the nuns. >> big buy in the tech sector. dell announcing it would acquire perot systems in a deal valued at 68% premium for the enterprise software firm. is this a transformative deal in your view a la hpq and eds? >> absolutely. i think dell had to do this. the recession, if you look at the environment of the

recession, what was it about ibm and hewlett-packard that let them be resilient? it was their participation in the computer servicing sector. that is what dell needed to get into. they get into it here. they had to make this deal. i think it's a good acquisition. >> but you want to be in deshlgs you should be in hewlett-packard. we've talked about this. we're going to see 10 1/2% earnings growth, trades around 11 times forward earnings. up again today. listen, this 46 1/2, 47 level has been resistant a few times, but this stock looks great technically. this is a herd type of environment. i'd rather own hpq than -- >> i've got to break in here, got to go to scott cohn at the breaking news desk. nec. scott, what have you got? >> an update on hassan namazi. remember, he is the one-time big democratic fund-raiser who was arrested in august and charged in a criminal complaint with defrauding about $74 million out of -- fraudulently obtaining $74 million out of citibank. he has now been indicted by a federal grand jury. the amount of the alleged fraud has increased dramatically to

$290 million. and the victims have increased as well. the u.s. attorney's office saying in this diemt, saying he also defrauded bank of america and hsbc. apparently using proceeds from money that he got from them to repay that loan to citibank. but of course it was all an alleged giant fraud. nemazee was one of the biggest bundlers for barack obama, among other things. he remanes mains under house arrest at his manhattan apartment tonight. guys? >> scott cohn, thanks very much for that update there. it's funny, because after bernie madoff you hear $300 million fraud it's nothing. >> the guy should wear a tie. he had the engelbert humperdinck thing going. did you see that? what was he thinking? put on a tie! >> engelbert humperdinck? >> that's really pulling it out there. we were talking about dell and the acquisition of perot systems. >> well, guy's saying do you want to know dell you should buy hp. i say if you want to own hp you should own ibm because these are the guys that were ahead of both of them and in fact this stock

at 120 seems to be holding the line, but i do think in dell's case this is a story of possibly too little too late. and the question is about their core business, which is pcs. and if michael dell is overpaying, i think a lot of people are saying, for this deal. this has me very concerned about his core business, which is pcs. >> who do you think is the one we should be owning, karen? >> we own hp. although i agree, i wouldn't own dell here. i think it's a story of too much too little too late. they did pay a lot with interest rates here. i suppose you could say it's accretive. but that doesn't mean they didn't pay a lot in 37-some-odd earnings. i'd rather be in hpq. >> absolutely. the question of course this all raisesize what else could dell possibly be buying, especially when it has $11.7 billion in cash on its balance sheet as of the end of july? here's what dell's ceo had to say about the possibility of another purchase. >> we've done about eight acquisitions in the last two or three years, and certainly this is a significant one for us.

and we'll be focusing on capturing the value through a very successful integration. but i would look for more. >> who else could be on dell's shopping list? on the fast line now the top-rated analyst tony sack nagi of sanford bernstein. tony, nice to have you with us. >> good to be here, melissa. >> convault's a name that's bandied about. who do you think they should guy? >> dell's been pretty open about saying it wants to beef up its enterprise capability. today was a first step in services. i'm not so sure we're going to see more in the services sector. i think where dell wants to move is ideally the software and potentially other higher margin hardware categories like storage. ultimately, one of dell's key challenges is it's a pc-centric business. it has 18% margins. software companies have 80% gross margins. and that's ultimately where it would like to go. so the kinds of companies that

we could see them buying might be someone like a salesforce.com. it's expensive. i think it's a little big for dell to be doing now. on the storage side someone like compelant or commvault, who's a storage software player, could be the types of targets they look at. >> hey, toni, how about dell buying dell? is this a case with a lot of money potentially to spend could these guys be buying their stock back? >> ultimately this is a company that's going to generate 3-plus billion dollars a year in free cash flow. i don't think the two are mutually exclusive. they still have more than $4 billion in net clash right now. they're generating over $3 billion a year. so i do think you'll see them active in their stock. i think for now, though, the priority is if they can find solid aks with igss they'd rather save their gunpowder in case there's something bigger they might want to do. but i think the two are not mutually exclusive going forward. >> on the topic of other acquisitions, toni, i want to do a little rumor patrol if n. that

the markets were moving stocks higher that were perceived as potential targets. cerner, cpsi, and eclipsys. are any of those targets? >> not for dell. the adage of one in the sector going they'll all go certainly doesn't hold true with dell, and i'm not even sure in the broader hardware space whether those would be targets. >> toni mentioned the storage space. talking about entap look at entap today goldman sachs put tonight conviction buy list. they are very late. toni would probably agree although i don't think he covers it. this stock's up about 140% in the last couple months p i still like entap here. trades at a dweechbt valuation. big short interest. i think entap is one of those stocks you still want to be in. >> the issue with network appliances it's levered to an economic recovery. you were having the debate before about which name should we play, dell or ibm or hp, here's how i think about it. if you're looking for names that are really levered to an economic recovery, and are

ultimately more beta plays, then dell and network appliance are going to do better, and they have recently. if you're cautious about the market and you're looking for quality names at low prices, hmm and ibm are trading on ten-year plus lows on relative multiples. those are names you want to play. so a lot of it depends on your market outlook. i think valuations across the board, all three of the names that you mentioned are really attractive, and so owning more than one of them is certainly something that you can do. again, whether you're looking to play more beta or not i think narrows your selection. >> toni, great to have you with us on the fast line. thanks so much for your time. we do want to head back to scott cohn at englewood cliffs. we've got some more breaking news this time on bank of america. scott. >> not best of days for bank of america. the securities and exchange commission was trying to settle with them over the merrill lynch thing. judge rakoff a week ago threw that out. now the s.e.c. is preparing to go to trial and preparing to do

it vigorously, they say, in a statement just out. this case would go to trial now on february 1st. and the next thing that will happen, according to a schedule that bank of america and the s.e.c. have both agreed on-s that bank of america will have to file a response to the s.e.c.'s complaint. later this week, september 25th. so on friday they will have to respond to it. and then this case would be set to go to trial. and what a trial that would be. on february 1st. on whether bank of america misled investors about the losses at merrill lynch, the bonuses that were to be paid out ahead of the merger closing. that trial would take place on february 1st, and the s.e.c. says it's going forward, in their words, vigorously. melissa? >> all right, scott. karen, you wanted to get in here? >> well, i just think the s.e.c. has such egg on their face over the settlement being thrown out as well as a number of missteps they've made. so i think they have no choice but to pursue this vigorously. here's the thing they don't understand. let's say they've proved that. who are they really suing? the shareholders of bankamerica, i think, other than the

insurance directors, the shareholders of b of a would be paying the shareholders of b of a. really who -- >> right. >> you can't unscramble this egg. you can't undo this merger. so i don't really get -- >> what do you get out of it? >> exactly. i'm unclear. except for a class action suit that maybe whoever -- you negotiation the insurance companies of bank of america and maybe merrill would pay to the shareholders. but given how enormous this combined entity is, i just think that any judgment would be minute. >> i tell you who might be able to held to account here. based on what judge rakoff said in his ruling last week. and that would be individuals. the executives, the lawyers. but that's a tough case for the s.e.c. to make, and that may be why they were going to try and set it will ahead of time. $33 million is not chump change as these settlements go, but that's the problem. and that's the problem that the judge talked about in his opinion last week, that is, it comes out of the shareholders

who already were victimized. >> but even if each of the board of both companies was found to be liable, for them it's probably -- it's a huge uncertainty, but for shareholders it is just a minuscule amount of money. >> that may well be, and i think that probably was the hope of both parties in getting past this. but if you look at what was alleged, what's alleged in this complaint that may now be expanded on, the judge just could not go with it as a way to kind of put an end to all of this. and so that's why he threw it out. but again, there is still the question of so what do you do that doesn't penalize the shareholders who already were penalized as the judge pointed out? >> very good question. scott cohn, thanks so much for that update. and speaking of the bank of america/merrill lynch sort of brouhaha, that was exactly what was going on the floor today. is this ken lewis's way of getting back at congress? well, "new york" magazine reports bank of america in complying with representative adolphus townsend's requests

concerning that merrill lynch deal, sent him every e-mail that went through its system during that time period. adolphus struck back sending this note to ken lewis. "for example, you sent copies of numerous e-mails you received from your own employees expressing admiration for your "awesome" performance on "60 minutes." you also included copies of e-mails alerting bank of america employees to discounts at walmart, target, and costco, an announcement of the annual pecan sale featuring this year's crop of mammoth pecan halves, and an invitation to attend a conference on investment in east asia, written in chinese. >> what is he supposed to do? >> it somehow missed the deadline but managed to send all those e-mails. >> sounds like it's a good use of taxpayer money. >> well, i want to know about the pecan halves. which were mammoth, by the way. >> pecans? >> i do a little bit of both. potato, potato. i don't know. don't go anywhere. more "fast money" word on the street coming up.

with trillions in spending power at their fingertips, it's a consumer play you've been missing. finerman's fine print reveals the play. and you thought carnaval was a party? wait till you see the bankers after this brazilian ipo comes to market. tim seymour helps you trade the glow. plus, the new vanguard of the street. one year later is goldman the top survivor? when america's post-market show continues. eseseseseseseseseseses

we're live at the nasdaq marketsite. time for some options action. we thought the dash for trash had subsided. shares of aig spiking today, intraday up about 20% as former ceo hank greenberg proposed a new relaxed plan of the government's bailout. also that representative edolphus towns who got the mammoth pecan e-mail he actually said we should consider hank greenberg's proposal. that sent the shares higher. jon najarian co-founder of optionmonster.com, seeing unusual options activity in this name. which call strikes did you see the activity in and where do you think it's coming from, jon? >> well, just what you addressed about representative towns.

hank greenberg apparently proposed to mr. towns cutting back on the interest rates that they're paying right now. cutting back on the government stake, which is right now at 80%. and the term, or the -- how long it would be that they have to pay back that money, doing all that of course wasn't a slam drunk and isn't a slam dunk still, but investors certainly liked the fact thaig was behind it. i mean, because aig put out a statement saying, hey, anybody else that wants to come up with great ideas to help us get out of this mess, come on, we're all for it. so the fact that's happening and the fact they've already adjusted, the government has three times the deal with aig tells investors that there might be something going on. 60 strike with the stock trading at 45 this morning. the 65 strike. again, $20 out of the money with the stock at 45. the stock made a run toward 49 at the end of the day and based on the activity we saw i don't think the run's over yet.

>> hey, doc, it's joe. the general accounting office said today if you look at the portfolio of aig that the government is actually owed from aig it has now shrunk from $182 billion to $121 billion. jon, do you think, though, that's just the capital market's improvement? can we trust that number? does it rise again? >> the answer is just as you led me in there, joe, thank you. that absolutely it's the capital markets improving. it's the credit situation improving. the same thing that was lifting the other stock that we talked about delta and continental. i mean, when you've got james grant of the interest rate observer saying that the credit markets are apparently freeing up to the point where people believe that these guys could put up some significant numbers, even a profit potential, jessup and lamont -- again, switching gears from aig to delta. jessup & lamont said they had a 30-cent loss for the quarter but based on the improving business environment and credit freeing up they think delta could

actually put up a 5-cent profit instead of a 30-cent loss. that kind of stuff, joe, is all playing into exactly what you're talking about as far as the amount that aig owes, could be coming in, and the actual deal could be tightened up significantly in their favor. >> i want to go back to the aig call activity because you hear heavy volume like that and you think, oh, well, the markets believe that the stock is going to go higher. at the same time you're seeing this activity come mostly from retail investors. no institutions are actually buying into this argument necessarily. >> no. and that's the reason that i'm not just pounding the table saying oh, this is going to go to 70. i'm not doing that because what i'm seeing is a lot of retail sized action. i'll say that's trades of 10 contracts and 20 contracts. not the 100 and 500 contract trades that i would normally associate with institutions. even though i'd point out, melissa, that the options are a lot more expensive than retail customers usually buy. >> sure. and of course retail activity is what we've seen drive the equity

side of this story. want to also ask you about perot options. seven-year high in september 18th, which by the way was the day before this deal was announced. how suspicious in your view given your experience in the field is this? >> well, the s.e.c. hasn't asked me officially for our data yet on it. so in the past when they are suspicious something may have happened they knock on our door and ask for the data. i wouldn't be surprised if someone does come knocking because the activity ahead of this $4 billion deal was, as you said, noteworthy at least and somebody had some very shrewd timing just one day ahead of this deal being announced. so i don't believe in coincidences on wall street, melissa. i don't think you do, either. >> you got that right. dr. j, always good to see you. >> my pleasure. >> all right. time to go trading the globe. spanish banking giant banco santanneder saying it would sell shares in its brazilian unit.

if successful it would be brazil's largest ever ipo. and of course tim the ambassador's been following this one, haven't you? >> it's an exciting story because it's certainly a reaffirmation of sanspander's commitment to brazil, their middle class has grown by 13 million people in the last five years. again, the middle class. the ability of them to reach out is what's astounding here. this is a very big deal. what would be more impressive is the valuation it actually fetches. but for santander it would be 20% of their revenues. they expect it to be between 25 and 45 over the next ten years. it tells you what's going on south of the border. brazil's an economy that's a domestic story. as we look to bralz it's been a market that's up 65% this year, 105% in currency terms. the question is what's going to lead that next leg higher? and i think people are going to be surprised to see that banking, retail, housing are places you're going to see that. a huge number of deals. be careful. or feel excited. this is the real dilemma for the market. like markets around the world

the ipo calendar in brazil is probably 20 billion between now and year end including this deal. so there could be some heaviness, but this is also bringing in new investors. i think this santander deal brings in crossover investors, brings in people who are looking at global banking and need a core anchor play in latin america. this will be a $45 billion company. this is not a small deal. this is a deal a lot of people would have to own. >> my question is if you were to buy something like this would you hedge the currency? what would you do? >> no, i wouldn't. and i think that obviously implied in the share price is a currency valuation. i think you obviously are looking, though, at their non-performing loans and the implied numbers looking toward the third quarter somewhere around 10% to 15%. so their npl story is not a fantastic one. but i think people feel like they can get their arms around it. the currency hedge i think is something people traditionally have done in brazil. i think with the banking shares in some sense it's part of the wind behind your back that

people want to own. >> how does the santander brazilian unit stand up to what's in the market already? >> it will probably put them somewhere at number 3 in terms of size. ital about 55, bank of brazil around the same size. i do think in ermz it of their global reach and in terms of the portfolio of services they can offer the consumer, these guys may argue they're a better brand and they're certainly going to argue that, but i think they will have better reach for giving brazilian consumers access to other forms of capital. >> okay. moving on to the next trade here, they've got trillions. trillions in spending power, control half the wealth in the u.s. and will soon be the dominant force in the labor pool. they may also be the one consumer play you've been ignoring. take a listen. >> welcome to the dawn of female buying power. as the financial crisis begins to unwind and companies begin laying the foundation for post-recession growth, it could pay big for companies to add a healthy dose of estrogen to

their expansion plan. the female market represents a bigger opportunity than china and india combined. controlling about $20 trillion in consumer spending. and accounting for more than 60% of the money spent on consumer goods around the world. >> every facet i think of our worklife, i mean, gnome are now better represented but even now in this current economic situation more women are working. i think it's a great opportunity. women are over 51% of the population. >> and our influence is only getting stronger. with an estimated 90 million of us expected to enter the workforce by 2013. so from technology to toyotas, the one-two punch of purchasing power and decision-making should make marketing to divas pay dividends for companies. now let's find the fast money in the female economy. now, apparently there's also a goldman sachs study out over the summer saying females are more

likely to buy products that will enhance the welfare of their family. >> what does that mean? >> they are the decisionmaker, though. obviously, we're half the population and we do have maybe -- not exactly half. sometimes more, sometimes less. but in terms of who's making the decisions at the store, it's almost always women. so where do we look? something like children's place. here particularly kids are definitely not making the decisions. it's almost always a woman. this is one of the few specialty retailers that i think is very attractively priced. i like it here. and an old favorite that i go to again and again, walmart. actually, it finally had a very good day today. >> because the tape wasn't that good. >> tape wasn't that good. it was an rbc recommendation. i think it was a $61 price target, or something. but this is a place where women aren't making the decision. and p & g and colgate, that's their biggest customer. when they make products, normally they make them -- they package them for women.

>> a little experiment. guy, when you bring your kids out shopping, do you make the decision? >> my kids make the decision. they tell me what to buy, then i go home and get yelled at. >> mr. adami -- >> mr. adami's my mother. >> dell or intel may get top billing. we'll tell you why and how to take your position after this. they find them at td ameritrade. trading's all about strategy. and strategy... is all about information. so i start my trading day... with td ameritrade's morning perspective. that's interesting... or, look at this... i can mine their weekly webcast for ideas. this is what i need. of course, ideas are just the start. so now i can drill down. heat mapping... heat mapping shows me where the money's moving. 2,500 stocks... one quick glance. cold... cold. hot! right there. look at this-- pattern matcher... pattern matcher spots technical patterns, automatically. wow, look at that. look at that head and shoulders right there.

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welcome back to "fast money." here's what we've got coming up for you in the second half of the program. legendary bull -- bear i should say just turned bull. i got so excited. bear turning bull. find out why he thinks the economic recovery is about to go into overdrive. plus nat gas is up 30% in 30 days. joe, we've got your way to trade. and one year after lehman the banks that were once just surviving are now thriving. we're going one by one all this week and finding the best bet for the long haul. but first we wanted to get some breaking news in here. the "wall street journal" reporting that on the back of an interview it is having with the cadbury ceo the cadbury ceo is saying that a deal with kraft, quote unquote, makes some strategic sense. so perhaps opening the door

after that kraft -- softening its chocolate, or theirs. that is something to watch in the overnight trade and going into tomorrow. the cadbury ceo saying a deal with kraft makes some strategic sense. moving on here, dell's deal was certainly the big news in tech today, but tomorrow all eyes will be on intel with the company's annual developers forum kicking off in san francisco. after the company raised its third quarter sales forecast last month, investors are waiting to see what else might lift the world's largest chipmaker. time to take your position. joining us for that is pipe burger, analyst from fdr capital. joins us from san fran. craig, always nice to see you. >> good to he ssee you guys. >> what are some of the big announcements we could be seeing tomorrow? >> sure. intel's tone could be very positive. the channels we've been getting out of the pc market have been very robust. we've seen the third quarter unit build forecast improve from 9% sequential growth in june through a series of positive revisions we're now tracking up 22% sequential. so intel could very well do the

high end of its just preannounced revenue guidance range, maybe even do better. the street estimates seem too low, the stock's trading about 14 1/2 times pro forma on numbers that may be too low. the pc stocks could have more room to run here. in terms of what we're going to hear specifically, we're going to hear updates on the product road map. we're going to hear updates on some of the new process technology, the ramping 32 nanometer. as well as just the overall health of the pc market and this trend toward mobility, netbooks, ultrasmall form factor computing. >> hey, craig, it's joe. if you look at the stock, though, and you look at the price action, it's done nothing since august 28th when they raised guidance. what is the actual catalyst that will take intel higher from here? >> well, i think we're digesting right now. the stocks -- the chip stocks in particular have had a huge run off the bottom. a lot of the institutional investors that i talked with, including some today, everybody's waiting for the dip, and i'm not sure the dip is going to happen. this digestion could indeed be the dip before we see the next

leg higher. if indeed estimates are too low and intel's trading at 12 to 13 times gaap earnings on 2010 estimates. and i think investors will bid up the good news. particularly if you're looking at a q4 revenue estimate that could get close to $10 billion. that's a really big ramp off the $7 billion that the company did in q1. >> craig, talk about the sequential growth in emerging markets. i know that's part of your growth forecast for those who say the u.s. is a slow growth story. this is a global company. what's happening? >> well, i think the emerging markets are red hot with the netbooks and ultrasmall form factor devices. we're also seeing even the u.s. and europe get on the netbook craze, and you're seeing carriers like at&t begin to subsidize these netbooks with a cellular module on. so they want you to sign up for a 24-month service plan, and you get a second smaller computer for free basically. so i do think second and third computers will not be unusual for developed country people,

and we're seeing people in india, russia, china, brazil get on the web for the first time. and so the pc unit forecast has really exploded this year. we were looking at the year being down 15% in units six months ago. now we're looking at down 2% or 3%. >> right. >> and a couple other pc chip stocks that should benefit from this besides intel would be marvel, mrvl, one of my favoritesish as well as amd and nvidia. >> craig, got to leave it there. thanks so much for your time. craig berger of fbr joining us from san francisco. joe, your thesis was that with that guidance over the summer that was the top. are you still a believer in that? >> look at the price action. it is the top. there has been nothing that has happened to intel to get you excited since august 28th. the stock has done nothing but pull back. when craig talks about a buying opportunity, you would hope if you want to be a buyer of intel, this is the moment, this is your time. and with the event happening in san francisco this week hopefully that's a fundamental catalyst. >> are you a buy yes er or look

somewhere else? >> i own the stock. i've made the point a number of times since the revenue guidance the stock's gone down. to me that's a tell. pie says that. we'll see. i think intel is rich here. that's bhakz markets. >> we're stuck at 19. we've been going from the middle of jum i think the stock needs more than just guidance, they have to deliver. >> time for some whale watching. in an op-ed in the "wall street journal" this weekend famous bear james grant of grant's interest rate observer turned bull saying "with regard to the recession that pre cedes the recovery, worse is subsequently better. the deeper the slump the zippier the recovery. by rallying ektsz and corporate bonds not only anticipate recovery but they also help to bring it to fruition. by opening their arms wide to such previously unfinanceable businesses as amr parent of american airlines and delta airlines the newly confident credit markets are implementing their own stimulus program. the world is positioned for disappointment. but in economic and financial matters the world rarely gets

what it expects. all right, karen, boil it down into plain english and how do you trade it? >> to me the most interesting thing is jim grant i think is one of the smartest and most thoughtful students of the market out there. and he is really not one that is prone to hyperbole on the bullish side. so to see him come out as a voice talk baying very ring abo robust recovery makes me think about that. if that were the case-f one were to buy into what he were saying, you'd go with heavy cyclicals. the more depth the better. the dash to trash again is where you're going to be making money. i would look to names like eastman chemical, any of the chemical companies. those are businesses that can really explode to the up side. even names like some of the dry bulk names, those would probably trade really well too. and then a name like ford, which i normally wouldn't touch. but levered. and you see things better. >> you pull out the paper sunday you're in bed you've got your slippers on, you read this and

you see jim grant turning bull, do you actually put on a trade monday morning? is this justify for for you to say i'm putting money behind this? >> is she still wearing the slippers when she puts the trade on? >> no shoes on right now. i actually stook back a little protection. i don't want to jump in with two feet. but i don't need to be -- >> and you don't wear slippers in bed, do you? >> i do not. >> you do, though, joe, right? >> very cautious. >> limit ppd. >> coming up, abercrombie & fitch, potash topping our list of drops today. but do you dare buy them on the dip? get the answer next in "pops and drops."

all right. let's get to it. today's edition of "pops and drops." we kick it off with a pop for the airlines. the xal up 4%. tim? >> asset-backed market. this works for these guys. they all need the money. very positive. >> dop for home builder lennar. down 3% on the session. joe. >> here's what i don't like about what lennar reported today. they took $117 million inventory writedown. at this point other home builders their writedowns are not growing. lennar's is. take a look at horton instead. >> monster worldwide up 4%. >> ubs upgrade "barron's"

article over the weekend. talked about this with dr. j. the stock's doubled since july but i think it has upside here. >> drop for abercrombie & fitch. 3%. karen. >> we told you, right, guy? too expensive. still it's expensive even down 3%. stay away. if you want to be in the space, ero. >> pop for "sunday night football." >> oh, yeah. >> our sister channel nbc. last night's giants-cowboys game on nbc, the best overnight rating for "sunday night football" ever. with football fans tuning in to see the new billion-dollar cowboy stadium. the game outrated even the primetime emmy awards by 65%. it was the highest-rated primetime nfl game since 1998. >> you were watching, right? >> cowboys-giants. doogie hauser. >> were you watching? >> i was watching the emmys because i wanted to see "30 rock" bring it home. congrats, "30 rock." >> oh, shameless. >> why not? why not? all right. drog for biocrist pharma. down 5%.

>> despite 77 million in funding from the u.s. health department this stock down 25% over the last three days. >> i'm just trying to get us written into the next plot line on "30 rock." i'm trying. alec baldwin, congratulations. you looked really handsome. better than rob lowe. drop for potash. down 4%. joe. >> potash on friday came out with some negative news. i thought the stock actually performed relatively well right now. there is anime mai premium in the stock. but also keep in mind this. potash has a very high correlation to oil. if oil continues to roll over, potash is going down with it. >> pop here for mr. humble, bob. top place at the 2009 burrito-eating championship on friday, putting back 33 burritos in just ten minutes. humble bob, as he is known, then moved on to a grits-eating contest in louisiana, where he once again took first place, downing 20 pounds in ten minutes. he did say that he could probably do 24 pounds, have more capacity on the grits, had he not done the burrito-eating contest. >> sure. probably known as gassy bob

around his house. >> he's a vegetarian, by the way. putting down all those burritos is even a bigger accomplishment, bob. when it comes to stocks, does the phrase what doesn't kill you makes you stronger apply? coming up we'll take a look at the banks that survived and thrived after the credit crisis.

progress on the government's massive mortgage bailout. ? billionaire investor warren buffett tells me he supports this plan wholeheartedly. >> it would be catastrophic if we don't do something. >> the immediate crisis that has to be dealt with. >> the question is what impact is all this going to have on your money? >> how far have we come, and where do we go from here? one year later. the month that shook the world. reports on air and online on cnbc. first in business worldwide. in the report released today the government accountability office said aig once teetdering on the brink of collapse one year ago has in fact stabilized and has been showing signs of improvement. aig survived barely but other

credit crisis names thriving in the aftermath. we're giving you the trade on all of them this week, starting with what some on this desk have called the best in breed. a year ago wall street icons went extinct. and the walking wall street wounded began living off the government dime. today with toxic assets still on the books and commercial real estate on edge, the survivors are still shaky. >> what everybody seems to be forgetting is that no one's going to make any money in the banking industry for the next six months. 60% of the banks in the united states are going to be losses on a pretax basis. >> but while some have narrowly escaped, goldman sachs emerging even stronger. forced to take on the tarp albatross, lloyd's boys have been reupping the risk. after a record-breaking trading quarter and paying off uncle sam the so-called vampire squid is not only a survivor but a

thriver. with the shares doubling this yaesh and tougher regulation aimed its way. >> it is incumbent upon us to put in place those reforms that will prevent this kind of crisis from ever happening again. >> is there any fast money left in the masters of the universe? goldman sachs, is it still best in breed? >> yes. lloyd, no matter what room he's in he's the smartest man in the room. that's who you want to bet on. the stock for me can it go high ferr er from here? yes. drexel handler ex-drexel burnham these guys were hiring when everybody else was firing. jefferies broken out above 24. probably going to 29. they just released a product again today. art hogan, our little friend talking about it. i like jefferies. that's your street survivor. and i'll say this, because if i don't mention i'll get a lot of e-mail. how can we not play lynyrd skynyrd music for street survivors? october 17th, 1977 the album was released. plane crashed october 20th,

1977. i know where i was that day, but i'm sure you don't. >> i don't. not on that day. i have no idea. no idea. >> move on. >> lunchbox. karen, what do you think of goldman sachs? would you put fresh capital to work here or do you think it's had its run so far? lloyd can be the smartest man in the room no matter what room he's in but that doesn't make the stock go higher from here. >> i don't have money in the name right here, but i certainly would not bet against it. >> you would not -- >> i would not short it is what i'm saying. >> october 14th earnings are coming out again. it is all about fixed income commodities and currencies. >> as it usually is. final trade right after this. . the reason lies six thousand miles away... in japan, where a producer of specialty eggs needed corn for feed... grown to precise standards. cargill identified the producer's needs, then introduced an illinois farmer to grow the exact corn needed... and developed a system to ship it separately, connecting the farmer with a japanese customer...

who was very appreciative. this is how cargill works with customers. hey, it's great to see you're back after that accident. well...i couldn't have gotten by without aflac! is that different from health insurance? well yeah... ...aflac pays you cash to help with the bills that health insurance doesn't cover. really? well, if you're hurt and can't work, who's going to help pay for gas? ..the mortgage, all kinds of expenses? aflacc it's the protection you need to stay ahead of the game... exactly! aflac. we've got you under our wing.

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all right. let's pick the poll. one year later what is the best street survivor to own for the next 12 months? you see the choices there. the corollary question is also should we play lynyrd skynyrd for the rest of our street survivor series. let us nope log on to fastmoney.cnbc.com. cast your vote. tim final trade. >> you can buy u.s. steel 15% cheaper at 42. >> semi. >> karen. >> children's place long. >> timmy's right. you want to be short alcoa. >> i'm melissa lee thanks so much for watching. see you back here tomorrow 5:00

p.m. eastern time for more "fast money" on cnbc. we are first in business worldwide. >> announcer: tomorrow, take your position ahead of home builder earnings. guy adami builds a foundation for a smart trade. plus, which bank is ready to take the crown as the new king of wall street? "fast money." 5:00 eastern tomorrow on cnbc. first in business worldwide. ♪ look at this man ♪ so blessed with inspiration ♪ ♪ i don't know much ♪ but i know i love you

♪ and that may be ♪ all i need ♪ to know (announcer) customers love ge aircraft engines almost as much as we love making them. innovation today for america's tomorrow.

i'm jim cramer, and welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing! >> i always like to say there's a bull market somewhere. >> "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you but to educate you. so call me at 1-800-743-cnbc. as of today, as of this minute dell is no longer a company. i'm calling it a punchline. the end of a bad joke. this morning we learned that dell's paying $3.9 billion in actual hard cash for perot

systems. that is a massive, and may add ridiculous 68% premium to friday's close. dell is giving away the store for a crummy little information technology company that in many ways is just a play on health care. health care? give me a break. you cannot be serious. not -- at this point it seems like everything dell does is yet another attempt to play catch-up to hewlett-packard. and they're playing catch-up real bad. these two companies are a testament to the fact you can be in the same business and still have nothing in common. with dell being a -- >> sell sell sell. >> and hewlett-packard being a -- >> buy buy buy! >> all aboard! >> which is why any charitable trust actionalertsplus.com owns hewlett-packard. you know someg?