winner. the company now can boast $500 billion market value. the largest in the world. that'll do it for "closing bell." follow me on twitter and on google plus. i'll see you tomorrow right here same time, same place. stay with "fast money" right now. here are tonight's top three trades. dow closing above 13 k. so what should you do now? we have the "fast money" portfolio. and is there a real recovery in housing? we've got an interview with the ceo of toll brothers. plus apple to a $500 billion market cap after-hours. we'll show you who's offering for bang for your buck. this is "fast money." let's get straight to today's rally. i know you guys are probably thinking what rally?

it was almost little change to slightly higher. but in the context of 2012, this is a continuation of a rally that we have seen so far this year. >> no doubt. the s&p's up another four. here we are at 1372. we said it last night, i'll say it again. i don't believe the market gives you this much opportunity to sell the high. which means by definition we're at the high. i could see another 50 or so s&p points. now, i was talking to keith inside. not saying this rally should continue. the transports which topped out in july are now floating around as measured by the iyt, 92 or so. so i think that's trying to warn you. i will say i don't think it matters right now. i think the s&p has another 50 or so in it. >> do you still agree with the theory it is a warning sign? or can we shrug it off? >> you can't. i think it's a great point. what is growth versus was is inflation. starts to happen when you get too much inflation and start to

see that in the transport. you're starting to see an underperformance in the transports. housing performing bad today on some numbers. and i think the top is a process, not a point. once we get through month end, we're going to see a lot of revelations in terms of what the immediate downside is. i don't think there's a ton of it. everybody and their brother is looking for it. >> i'm the old guy on the desk. when you talk to people on the transports, it's not they have to lead. at least the transports have to be coextensive. that's been the problem. i'm bullish with stocks. i have to tell you, i'm leery of what's going on. because the transports aren't anywhere close to being coextensive. >> meaning as we hit new multi-year highs on the dow and s&p we have to see the same in transports? >> we would like to. >> you think oil prices are high and they have to come down. isn't that what has hit the transports so heavily? >> absolutely. it's weight on everybody. if you look at what crude oil

prices have been doing. i think crude oil prices are about to come down predicated upon low net gas prices at this point. >> and we should mention one stock that hit new highs today. and that is apple perhaps coextensive even better. less than a billion dollars from a $500 billion market cap in today's session. largest stock in the world continues to make headlines. we did want to point out some of the under the radar that have beaten in the past three years. and the genesis of this was our morning conference call which i'm not usually on. >> no because you're on tv. >> but anyway -- >> we digress. >> we digress. the thinking is apple may be a tremendous outperformer in the market. it doesn't matter where you are invested. these stocks have returned better over three year total return. >> and have done a nice job with

this. the point is this. $500 billion market cap or $500 million market cap. if something goes up 30 to 55, guess what folks? you're making the same amount of money. i know we spent a lot of time on apple for obvious reasons. i think others are better than apple now. i'll point out one we've talked about for years. it did have a hiccup earlier than last year. >> hiccup. >> you like that? thank you. i know you had a cat on the other day that was talking about -- it was -- help me. phil lebeau was saying warner is in the sweet spot of the industry. this is a stock that's going from 19 zlrs around the same time apple was 300 or so and it's up to around $85 flirting with an all-time high. nobody talks about the name. probably for good reasons. it's a tremendous stock.

>> in that sort of area on this chart, this out-performers cummins up, apple up 81%. some of these names are things you wouldn't consider. >> they're not. when i look at these names i think what kind of leverage do they have to allow them to have those returns? some of them don't have leverage. whole foods is one. not a huge amount of financial leverage. that's impressive to me. when you do it on a really levered financial balance sheet to it, that's not as impressive for some of these. pret the tremendous. >> international paper has done it by laying a lot of people off. they're where i live in southern virginia. they laid off an entire city completely and the stock went dramatically higher. rather old story, but a good one

none this. >> big thing we're talking about here is performance chasing. i think it would be remiss not to point that out. tech led higher. apple leads higher. a huge risk to the market is if imagine apple went down. again, you get into month end. whoever's chasing that performance has got big contribution to the sector and the s&p 500. that's something to watch for. >> with a 4.5 point gain on the s&p 500, i don't know where it would be had it not been for apple and microsoft. >> over the launch ffr the new ipad. but i don't know. it's getting -- it feels a little frothy. we sold some april 550 calls today. i think they expire on the date of earnings -- they're next earnings release. as the stock continues to appreciate becomes a bigger part of the portfolio. and yet the risk reward has changed a bit. >> did you think you'd be

selling apple 550 calls? >> no. >> the stock's up 18% for the month. this is a mega cap stock. >> mike khouw, i'm curious. i would imagine once we heard some details about the new ipad 3 between the processer, the 4glte that the options picked up. >> the options activity has been pretty extraordinary for some time. karen is right. april options expire on the 21st which is a saturday and of course the earnings come on the 20th. that's probably a good one to sell. i think it's interesting when we take a look at those stocks everyone was talking about having outperformed. a lot of those were highly distressed names that had farther to climb. i think to look at a stock like

apple which has no debt and has grown its way out, that's a different story than looking at the auto associated names. or cummins which is an industrial name. those came because if you believed in the downturn b with it would be challenged. i don't know that apple hasn't outperformed them if you take a step back from that. >> dan on the show yesterday mentioned the fear about running for the exits on something like apple. what happens to the s&p 500 if there's a major selloff in shares of apple. we did digging. goldman sachs came out with this report. we filled it out with more details. monthly hedge fund monitor. they found 4% as of the latest month 4% of apple's market cap is owned by hedge funds. what is owned by institutional investors about 60%. that's really -- if you think

about the trillion dollar hedge fund industry and only 4% of the market cap is owned by hedge funds, that seems like a drop in the bucket. >> what's also amazing is plainly the hedge fund short the stock. so they have to cover the stock. >> so that's your -- you assume that because they don't own it, they're shorting it? >> how many hedge funds think they're the smartest valuations in the planet. it's expensive the whole way. the thesis hasn't changed. the price has. and they've been wrong on it. >> that's a good point. let's move to the next trade here. housing. it's shown signs of life what does that mean? does it mean the bottom is in? joining us now is doug yearley, the ceo of toll brothers. glad to have you with us. >> thanks very much. >> what can you tell us so far? >> to far so good. we feel the best we have in five years.

not only were orders up 45% for our first quarter which ended the end of january, but the first three weeks of february we're seeing orders that are up 43%. fingers crossed but it's the beginning of our spring season. right now it feels great. >> how fully confident are you that what is happening during the spring season so far is actually because of a true turn in housing versus just better weather primarily where you operate which is northeast california and some parts in the midwest. >> we're really seeing improvement everywhere. and i really don't think it's related to weather. i think people decide not to buy a house because of a snowstorm. they may put the decision off a week or two because they have to shovel out. i don't think that effects demand for housing. i think what's going on is people are sick and tired of waiting. they've been waiting for five years to move on with their lives. they're taking advantage of interest rates that are down below. affordability's never been

higher. i think they're out in the market. >> let me ask about the first quarter. at least the two numbers i focused on seem to be divergent. i think wall street or the street? general were looking more for 633 units. but your average selling price was about $682,000. and i think the street was at 570. that seems staggering -- a greet beat on the average selling price. what number is more important? do they go hand in hand? >> the average selling price was distorted up because we have a boutique building in manhattan at 66th and lex that were selling units at $4 million to $5 million. if you take that out the price is still 595. it is up but not as significant as the numbers show. we didn't dlir as much this quarter. so the revenues were down. but the backlog is up. >> it's karen. let me ask you something.

can you find that any of the home buyers are having trouble getting loans? i know you have a much bigger ticket than your average home builder. what are you seeing for your customer? >> 20% are all cash. they balance that get a mortgage, they only get a mortgage for about 70% of the house price. they put down 30%. so they're not even maxing out. you know, we sell second, third, fourth moveup. they tend to have great financial ratings -- credit ratings. mortgage money has not been a problem. the paperwork is tedious. it has changed in the last few years. the ability to get a mortgage is not the problem. . in the chain of our buyer since most of our buyers have a home to sell. it is an issue to the lower price point. not to our client. >> the percentage of getting mortgages, what percentage are getting for their financing? >> about 80% or so. we have very aggressive rates and great service.

>> all right. i want to ask you about the industry in general in market share. the ability to get market share. your executive chairman said in the earnings release recent gains in housing starts in january are encouraging. and big public builders are seeing order numbers grow more rapidly than starts. which would imply by the big builters like a toll brothers. is that a structural shift in the housing market and do you see coming out of this with more market share than when you went in? >> i think so. it's happened through every downturn. look at the orders i mentioned for toll brothers. up 4 had -- 45%. we have the access to capital. we've been able to take advantage of opportunities to grow. most of our competition since we're at the luxury end is not the public builder but the region builder. they were destroyed because they were on banks who stopped

financing them. we are taking advantage of market share gain. we also have a brand. we have a great reputation. we have the strengths. there's a flight to quality now with the client where they want to be with the builder that will build the home, service them after closing. and that's toll brothers and the other big builders. >> you've got about $720 million in cash as of the latest earnings season. where do you see the best expansion opportunities right now? highest margin, profitability markets. is that an area? >> boy, we sure love new york. it's been our best performing market for the last few years. we're aggressively trying to find new opportunities in those markets. it's a tight land market as you can imagine. but we're opportunistic. we're spending our capital. we're doing a lot of bank deals.

virtually all markets we're looking in. primarily east coast, 60% of our business is washington, d.c. to boston. we love that corridor because land is so hard to come by. but everywhere in the country we're looking hard. >> when you come in, we'd love to get a tour. >> thanks. >> thanks so much for your time. ceo of toll brothers. that's an interesting story. interesting areas of expansion here. it's only back to '09 levels. >> that's pretty good, actually. relative to some. >> compared to everybody else. >> that's true. >> but it's, like -- to me it's like comparing to tulips. the prior peak in tulips, it's attractive. the reality is this guy's stock just snapped just north of 23.

mortgage apps are very weak on a weekly basis. from a long-term perspective. and by the way the housing stocks were one of the weakest today because the numbers reflect a very weak pricing environment no matter what these guys are talking about. >> yeah. as everybody just pointed out, stock's been a defined range for years. i think we're on the upper end of that range. and the best way to play if you want to be in this space, it continues to be home depot. the stock continues to go higher. i think it's impervious right now. >> we got to take a break here. coming up next, whether you're looking at short-term trades or long-term trends, we've got something for you. stick around for an inside look at the strategy of a $100 billion investor. more "fast" straight ahead. tdd# 1-800-345-2550 i'm constantly working my screens.

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as we head to the end of the month, we'll see the month end macro play books. >> the number one thing i want to do is be careful of what's marked up. i want to set up for the march period. again, you trade today to set up for tomorrow. in case of the monthly end, you want to look at this growth versus setup. so way to express that obviously is to be long inflation explicitly through tips. t.i.p. has gone straight up since ben bernanke opened his mouth on the 25th. he is daring you to chase inflation. so do it. the other way to do which anybody can figure this out is to be long gold. i think that continues to test its all time highs as the dollar continues to weaken. then finally growth slowing which again this is a way to be short growth is to be long a

flatter in. the treasury flattener is the split between tens and twos opposed to steepening is now starting to flatten. that's negative for the financials. that's why we swapped out of the financials etf, xlf, and into utilities which has been year to date. we want to own for the dividend yield. >> as much as you are in cash, 52% of your allocation, you were 91% the end of january. >> yeah. >> where did that go? just to help us understand the movement with it. >> cash and dennis said this before we came on, there's a big difference when you're managing your own money versus other people's money. with my own money, at a three year high i don't want to be sitting on fully invested concepts in buying apple. that's not what i do. other people can probably do that that are smarter than me. stepping down and managing that allocation dynamically is what we do. we look relative to the

inflation stance of the fed chairman. if he's going to put too much inflation in the system, i'm going raise cash. we've had to learn this lesson the hard way in 2008 and in 2011. i'm not willing to do it again. >> i have a problem with that. if the fed chairman is enticing you in and making it clear he wants you in, why would you fade him? i've only been at this 35 years so i'm a junior right now. every time i have faded the fed, it's cost me a lot of money. why would you do it? >> i've only been at this for 13 years so i don't think age is a proxy for this. you look for what's happened. if you faded the fed in april of 2011 he was telling you qe-2. at the end of the day that slowed growth. gdp growth dropped to 0.6%. stocks got hammered. >> i have difficulty getting it to a full percentage point. >> the question is why would you fade the fed? you fade the fed to make money. again, if you have ten years of

experience or two days you want to make the trades that make sense. at a point, growth will slow if inflation is too high. you can be long inflation at the same time which is why we're long gold. >> let's get another perspective on one's portfolio. time now for a "fast money" portfolio. it's a brand new feature testing volatility of today's world. scott manages over $125 billion. joins us with his long-term investment strategy. thanks for joining us on our inaugural installment of this segment. >> thank you for honoring me with being the inaugural installment. >> pressure's on now. >> absolutely. >> you were investing for a bubble in 2014. explain why and where you would go. >> look, the world is just being flooded with liquidity. central banks around the world. tomorrow the ecb is stepping up with its long-term lending facility.

money is just coming out of the central banks around the world because they have about to exercise fiscal policy. this is in combination with what the fed is doing keeping rates low for an extended period of time, this is leading me into what looks like 1998 or 2003 where we were at the early phases of an increase in asset prices specifically in '98 we saw equities go into a bubble. for me the next two to three years is the risk entree. it's time to be long equities especially high beta sort of things. it's time to be long gold and commodities. silver looks cheap. it's time to be long junk bonds. it's time to be long art and collectibles. but the one place where i am hesitant to go is into treasuries. when you see all this liquidity coming into the market, the first thing it did was drive up

the price of what was deemed to be the lowest risk asset. now that money is flowing out of the lower risk assets into higher risk assets. i think we're setti inting ours up for a correction in treasuries in the next two to three years. >> i agree with you on the macro level. but at some point could the fed have killed the golden goose if inflation gets too high and they have to reverse course? >> it's like inflation, inflation, inflation. the sky is falling, the sky is falling. we've been hearing this since we began qe-2. i remember art laugher put out a piece where he claimed that inflation within 12 months of qe-2 was going to be sky high. being a good monitor myself, milton freeman told us inflation is a monetary phenomenon but is subject to varnl lags.

the long and availabvariable la how far away we are in the output in the economy. and we are way far away from any capacity strength whether it's measured by capacity to utilization or gdp. so we have years of time here before inflation becomes a problem as we take up the slack in the economy that this huge wealth increase is creating with this asset bubble. >> so you're saying that inflation doesn't slow growth and we're going to be able to control this at a certified rate that's going to make everything else work just fine. how did that work for you last year? again, particularly food inflation all time highs. we're not talking about tulip levels in oil. but the second highest level all time and how that infects consumption. >> well, i mean, look. last year with the slowdown that we got in the economy as a result of the temporary increase of commodity prices gave us a

great buying opportunity for risk assets. the reality is every inflationary burst we've got since qe-1 and qe-2 have been transitory. the minute that starts to lift away, the commodity prices begin to settle down again. and we get a relief in increase from the price increase. i don't see these bursts of price activity in food or in energy at this point as being anything other than transient until we get through the economy. >> thanks for your time. we appreciate it. >> thank you, melissa. >> scott minerd of guggenheim partners. keith and scott are opposed for the short-term for your month end allocation. but in terms of, karen, if we are to invest in this sort of high beta risk investing foreign

asset bubble through 2014, what does that make you think of? >> well, i'm not necessarily -- that's the outlook. i would be in oil services. if we see it continue to be high we'll have the contract signed up for ultra deep water space we like. a big jump in inflation could be bad for financials even though i am long them. those are two i like. >> it doesn't sound like you agree with him. >> i think we'll see the economy recover on its own. >> ended poorly. i don't see why it's not going to end poorly again. as we talk about it is gold. but for that brief selloff in october when i think -- i'll say the name -- i think paulson and

his group were getting squeezed by some folks. that's the reason you saw the selloff. it coincided with the selloff. gold has been in a rally. i don't see why that's not going to continue. i think silver's the more high beta play. coming up next, first solar taking a hit after-hours. and we're getting to what is up with oil with the commodities king himself. stay tuned.

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solar. they're down about 5%. the company said quarterly sales missed bay wide mar. also slashing 2012 forecasts and slashing capacity. pretty deeply. let's bring in gordon johnson on the fast line. you were right on this trade from the beginning. should you still continue to short this? >> yes. i think this earnings is must worst than meets the eye. they're losing $70 million with respect to the cost for replaced modules. that is very significant. effectively what's happening -- it's 70% for 234e modules. and 23 million for the cost to remove and replace modules. their stuff is not working in the field. that's what's happening. when we did checks in germany, we heard back from one of our checks. they said first solar is having quality problems in the field. as a result banks are cautious on lending to their projects.

this is a fundamental problem with their modules. forget about the fact they missed earnings. this is a huge red flag. it brings into question whether they'll do projects in the u.s. this is a game changer. >> it's karen. you've been so spot on here. is it -- for anyone who's bullish out there, is there any hope to see them cut capacity? >> no. because they're not taking capacity offline. again, we heard from our checks in germany this is not a one-time issue. the fact that banks are becoming cautious on sew wlar projects suggests there's a fundamental problem. it's as if i was selling laptops and they aren't working. this is new. this is huge. and this is potentially ab end. the reason we don't have a zero price target on this company is because they have these projects they can sell. i don't know who would buy these projects now. now there's a risk that you buy

these projects, you put the panels out there and they don't work. you take a huge loss. you don't want to buy the product. >> gordon, ubds this is a game ender for first solar. correct me if i'm wrong, does first solar have a d.o.e. loan in some form? >> yes, they do. which could be a black eye for the current administration. you can't put that on them. but again, the risk is that warren buffett purchased one of these projects. if these modules don't work, that's a huge problem for him. asked on the call by one of our competitors, they told us this problem was fiked and it's not fixed. so this is -- you know, we need to look into this further. they won't talk to us. we need to do more to make sure we're accurate here. at first glance, this is negative. >> sounds like maybe they're not talking to you.

>> in their presentation they say they're going to do 500 megawatts in their core business. their capacity is 2,500 megawatts. but they say they're only selling 400 in the open market next year. that means they're losing in their core business. this is quite the negative earnings spread. >> it's a d.o.a. loan. >> that's a good one, dennis. we're going to leave it there. thanks for joining us with your analysis. we appreciate it. gordon johnson. he has been advocating a short on solar for some time. >> this guy's been on this for a long time consistently. he's said the same thing every time. >> game ender according to him. >> ender means zero. >> end means end. oil dropping again back below $107 a barrel. crude has fallen over $3.

recorded its worst two day drop in six weeks. what happened here? >> there was something going on. i've been in the commodity business for a long period of time, you watch how the term structure of the futures respond. what are the chargers doing? is the front month stronger than the back month? and when you see that sort of narrowing of the carrying charges. when you see the markets go to backward, they need to be bought. two days ago you started to see the term structures start to signal a complete change in what's happening in the energy market. after last week when there were all sorts of -- would they not make a move against iran. was there a bubble involved in crude oil. you got to $110 in wti. and the term structures began to change. today in any news letter i began to say we ought to consider

being short of crude. i sold some crude today. it didn't feel good for about an hour then the bottom fell out. what's interesting is crude fell even on a day when grains were higher. even on a day when gold was higher. even on a day when stocks were higher. crude fell. not a good sign for crude. >> how do you think this could look if japan goes full throttle when -- >> they will. >> do you think anybody has that on their radar? i feel i wake up every morning and it's all about greece and apple. people aren't talking about the debt maturity in japan. >> people haven't talked about the fact japan is the most indebted nation the world has seen with a population that is -- i hate to say this -- dying. and the only buyers of japanese debt have been the japanese themselves. there's a problem there. the problem -- the only to my mind the only thing that has kept the crude oil market high is the fact that japan stupidly decided to end all of its nuclear power facilities and you

had a bid going into energy generally that wouldn't have been there otherwise. take that away, have any sign of weakness in the japanese market, any place else and crude oil gets very weak. especially when you consider that six months ago -- don't hold me to the numbers -- but you had crude oil at $90 and natural gas. that arbitrage has to be narrowed. there's a wake coming in. if you had the ability to not look for the next six months, i think you'll see natty go higher over the course of six months. but you better be on an island not getting newspapers and quotes to make your trade feel awful in the interim. >> in terms of stock trade off all of this? >> had a huge run now since the

beginning 2012. coincided with the high we saw back in november. you have something defined to trade against. the level being 29-ish. little bit of a double top. i think tesoro can go back up if what dennis says is accurate. up next, find out if jpmorgan is a good buy. stay tuned. i had a print out of how many hours i have actually put in over my career. and it's 168,000 hours. so just think, if you had an 8-hour job, i'm like a man of 100 and something years old. i've worked very hard to support my family. and i finally reached that point where i'm going to retire. ♪ ♪ dave, i've downloaded a virus. yeah.

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wblg back to "fast money." we are live in new york's time square. jamie dimon wrapping up his speech at investor day. shares of jpmorgan are slightly higher on the day. year to date up 18%. has been at the big meeting. joins us right now. gerard, what was a headline when you got out of the meeting? what was the headline you wanted to race back and tell clients? >> i think the headline was the earnings power of this company is incredible. right now they're still lugging a lot of costs from the financial crisis. they put up about $18 billion of net income last year. when you take all the costs, they're really running at about

10 billion. it's not going to happen overnight. that has nothing to do with rising rates. >> it sounds they're hunkering down to some extent. there were some comments made that it is reasonably unlikely they will make in the near term. they want to boost their capital levels at this point. >> i think that's true and part of it's political. one of those too big to fails. on acquisitions in the united states is 10% of the market share of the deposits. they're below that but they politically can't do it in our opinion. >> what about international? did they hint at that a bit? how big the other foreign institutions are relative to them and u.s. banks? >> longer term i think dimon's view is that the u.s. government is going to have to allow them to do bigger acquisitions if they're going to compete on a global scale over the next five years. >> did dimon get into the political swoop? that's an interesting situation.

a saver like me wants interest rates to go up on the long end of the curve. dimon wants it too and ben bernanke says no mas. >> you're right. if we see the long end of the curve getting to 3% and the short end stays where it is, very profitable for the banks. >> people forget the greatest source of revenue for every bank is a slow curve. when the fed came in and twisted the curve i said i've ban great supporter of the fed and that was the stupidest thing they've done. >> then when they announced rates would stay low until the end of '14, the banks rallied through it. it rurt the banks. >>. >> where are you in jpmorgan. >> it's one of our top picks. we see great opportunities for this country. it is the bellwether for the industry. they have enormous opportunities in front of them. >> gerard cassidy. thank you. coming up, we're breaking

down what the long awaited ltro might look like when we come back. stay tuned. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the new 360 investing dashboard at e-trade.

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all eyes are on europe tomorrow. the ecb will provide an update on the ltro. will the numbers be enough to keep the rallies in stocks? we bring in senior vice president at new edge. larry, always good to see you. i want to talk about the ltro but i want to talk about the headlines. that is going to decide thursday morning at 6:00 a.m. whether greece is in an actual default. that would be enough to trigger the cbf. >> well, you know, systemic risk -- you know we've been talking about commodities this show. systemic risk has stopped since '08. trigger of a default in greece would potentially destabilize things. you have a lot of things that have to be worked out. it's a $21 billion maturity. that means a portion of that maturity, some of the holders

are not in the psi. that's destabilizing. >> so what do you think is going to happen though? do you have any thoughts on whether or not -- >> i think there's going to be a default of some kind. i think there's a certain amount of bondholders that are going to get crammed down and won't participate in the psi. and that has to trigger a default at some point. but the gaining of it is is it now or down the road? if this announcement speaks to be true, sounds it could happen in the near term. >> what's frightening about this is they're all gaming the game. we tweet about it every morning at the most ungodly hours. what is the inside game? this ltro number, what's the whisper on that? how big does it need to be to work? >> if you look at the ltro, what's really shocking is thinking about qe-1 and qe-2 how important they were for the u.s. equity markets in the rallies

we've had. the market we've had through this ltro is 1.2 trillion. and this week we've seen it as low as 400 billion. the latest numbers 400 to 600 billion. i think if we get a number above 700, it's bad for the euro. could be good for gold. and creates -- >> so basically a risk off above 750 and anywhere below that within that range is just a flat market reaction that's baked? >> yes. the reason could come in higher i think because if you remember, hank paulson gave everybody a paper in '08 and said be a team player here. i think the same thing is going on in europe. there are certain banks that aren't participating. i think it could come in high. >> thanks for joining us. we want to alert people to a headline at the bottom of your

screen. gold man s goldman sachs getting a wells notice. very little market reaction right now. we continue to monitor the story. let's hit some "options action." mike khouw you're looking at health systems. >> poimpbting out they're overpaying for acquisitions. little free cash flow. looks like they may have to draw a revolver to close the four to five deals they are talking about. plus on april 30th, department of justice is going to give us an update on whether or not they're going to step anything up on a whistle blower lawsuit. while everyone' looking up on the stock, maybe it's time to look down. >> what's the trade? >> the june 24 puts then sell the 20s against it for 80 cents. net debit of a dollar. looking to spend about 20% through the strikes. >> catch more "options action"

on friday at 5:00. follow on twitter to get constant trade updates. coming up next, we're looking at your tweets. stay tuned. carfirmation. only hertz gives you a carfirmation.

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welcome back to "fast money" live at the nasdaq market site. let's hit some of your tweets here. added to my position today. have a good profit already. am i a bull, bear or a pig? >> so the easy thing to say to him -- >> or her. >> or her. good point by you. the trader in me says now's the time to step on the gas. we were talking about this during the break. i think silver's ready to go. once again you have a bottom in silver. i think both silver and slw are going this way. that's higher, mel. >> that would be higher. >> and ben bernanke has your back. >> good point there got your first move tomorrow when we come back. ♪

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♪ ( time for the final trade. keith? >> short consumer discretionary. xly. >> pan american silver. >> still like target. >> buy gold. sell crude. >> all right. i'm melissa