$98.05 a barrel. that was up on the session at better than 1%. that'll do it for us tonight on "closing bell." coming up, the "fast money" traders will give us their take on the bernanke effect and the effect on the markets right now at the top of the hour. have a great night. i'll see you tomorrow. it's finally here, the qe announcement sending stocks to multi-year highs. let's go around the horn and see what traders are buying and selling. bk, to you the message from the fed chairman, to investors was clear. >> very clear. buy everything that's not nailed down. there was a huge change, actually, i think in this message. and that was the fact that not only are they going to support the economy, but even if the economy gets better, they're still going to step on the gas. i mean, this is a guy who wants you to buy assets, wants asset to go higher. and as bearish as i want to be, you cannot fight the fed. you buy everything. buy copper, which i did today, fcx which i mentioned last

night. anything else, emerging markets, everything. just buy it. buy it all. >> you never have to short again. >> buy it. >> i had a guy call me today trying to sell me research on the short side. and i said i'm sorry, i think you're going to go out of business. you shouldn't short anymore. >> first of all, i'm a fed, i think they gained credibility and lost credibility. on the communications front, they had a huge risk because they led us to this point. everything that big ben told us, i think he delivered and therefore, you know, bravo because this is the fed that said we're going to be transparent, tell you what we're doing. how do you upgrade growth? how do you upgrade the labor market and at the same time throw everything you possibly can in the same sentence, basically? i have a lot of questions about what the fed did today and a lot of questions about whether, you know, monetary policy can actually equal fiscal policy. i don't believe the fed even though we know they have a growth mandate. i don't think they're in a position to do that. credibility, you know, pick your shot here, they nailed it. doesn't mean the market doesn't like it. and i have to tell you, trust

me, my bitterness doesn't come from a guy that was shored into this announcement. we started buying commodities in the middle part of last week. what we did was actually roll out of a lot of options this week. i think the risk was if you delivered that actually your deltas wouldn't pay you what you should be. >> i think timmy makes a good point and that is almost a false promise unless you believe that lower interest rates will lead to a better employment picture and therefore improve the prospect of stocks. you can't believe, necessarily, yes, that is the message overall, but when you get into the nitty-gritty of it -- >> it's a broken promise. >> right. >> at the epd end of the day, let's get real. yes, it was gas, but there's a fire too, it's currency. the purchase power of your dollar is going straight down whereas everything you need to buy is going straight up. you were positioned for today or you weren't, i think today you do absolutely nothing. you're having a moment here where a political candidacy is in line and this guy did

everything he could but throw a kitchen sink at it. this guy has moved from 2013 in january -- on january 25th, now he's at 2015. before the end of this, it's going to look like -- a lot of charts look like that. we have to be confident that the stock market is no longer the economy. the economy slows when gas goes up. you go back to mid 2008, mid-2011, and 2012, which just happened, and last i checked, a 10% to 15% drawdown in stocks there. when oil goes over a certain level over $4, that's it. >> i do think people feel a little bit better and certainly the wealthy feel better from having higher stocks. but to me, what is -- what is keeping unemployment high is not high interest rates. >> right. >> that is not the problem. >> right. >> it's hard to understand -- >> it's fiscal policy. >> right. i don't get that. not 100% disconnected, but quite

disconnected. >> let's go back -- >> i bought it. >> they're all taking you down at this point. >> first of all, the stock market hasn't been tied to the economy for three years, since the bottom of 2009 when we started this whole process. you have to take the economy out, the fundamentals out, it doesn't matter. the process they want to have happen is that you have access prices go higher. people, again, inflationary expectations, people start to buy because they're afraid, you know what? in six months, it's going to be higher. i'm not going to be able to buy that car as cheaply as i can now. and that's the fire. i don't know if it's going to work. maybe it doesn't, but i do know asset prices will go higher and i'm not going to stand in front of him. >> quantitative easing spurs restocking of commodities instead of running businesses for cash. gets investors out of the bunkers. if it gets the housing market going, one of the things that is very powerful that we haven't seen is the gdp effect of consumers actually starting to put capex back into their homes.

>> uh-huh. >> i don't know this does this. what it does do, and this is fantastic for ian. because ian is wickedly underperformed the s&p for the last year. ian is at least in the space where you do see commodities stocking and rebuilding, especially where they've been taken down. i don't think that iron ore and coal prices necessarily need to go back to 250, iron ore to 160, but they were overdone on the downside. i would stay out of the way because i think there's more to go here. technically, emerging markets broke through a 200-moving day average, a 50-day. the em versus dm broke through the 50. and it hasn't done this this convincingly since january. >> i want to go to mike on the options. what were you seeing in terms of whether or not the traders believe in this rally and whether or not they were willing to make that switch into equities? >> one of the things about the options market, it's a place where people are willing to make directional bets.

it was interesting john najarian was talking earlier today about the fact we saw some substantial upside call buying. those guys are going to be proven to be big winners here and we did see some basically upside to that in the commodity names, in a lot of the financials as people are saying, okay, is this thing for real? exactly to b.k.'s point, if the only purpose of this exercise is to fuel basically the price of the passive financial assets, tha they're going to get that. but you must become concerned. when you look at the price of equities, you usually discount that. we don't know what the real risk-free rate is anymore. at some point when that starts to reverse, that has to hurt equities. >> i mean, look, let's separate what's happened versus what's been happening. the price of oil, not like it started going up today, the price of gold, not like it started going up today. the price of the u.s. dollar has gone down for five consecutive weeks. it's clear that people took on some level of orange jump suit risk that knew he was going to do this. he did the unbelievable.

he's got a huge credibility problem globally and sitting there right in front of the election holding that bag. now, as you sit there and say i've got to buy them right here. what are you buying? earnings season, do you want to buy intel? do you want to buy fedex? you have not wanted to buy one company that has reported underperforming fundamentals in front of the catalyst. i disagree with brian, i do think the fundamentals matter from a price. and ben bernanke's the one with the vulnerability. >> and you buy into this rally at least for now, but going into earnings season when so many analysts are forecasting shortfalls that aren't in the estimates right now, do you stay long? >> yeah, absolutely. it doesn't matter. it doesn't matter. what he said today is if the economy gets worse, i'm going to put more money into it. if the economy gets better, i'm going to put more money into it. >> even though you know the stimulus is pushing on a string and every time the fed goes with some sort of stimulus, the impact on equities gets less and less and less. >> i think this time is a little

different for the impact on equities because the fact that he said if the economy gets better -- >> he said -- let's be clear. >> okay. but he said it would. >> he said it would get better. so part of -- >> so what if it does? he's still going to put money in the economy. >> basically this guy said, okay, i am going to do this and u.s. gdp growth is going to go up because i did this. >> right. >> that is a promise, it could be the biggest broken promise in the history of monetary policy. we'll have to see. >> let's say you do want to buy with b.k., what do you buy? well, goldman sachs had some answers. they're picking winners on more easing. they put out this note a couple of days ago and took a look at the stock that benefitted the most from various rounds of stimulus. qe-1, the extension of qe-2 and so on. and the two weeks before the announcement and six weeks afterwards, they identified 30 stocks that outperformed the s&p 500. on that list, blackstone, ebay just to a name a few.

keith, you're long off this, do you believe this notion that there are certain kind of stocks that will benefit directly? >> i think look at something, it refutes brian's point. basically risk management is on. this guy makes money in uppace, down pace, it can make money and that stock, alternative asset classes and alternative managers, blackstone, et cetera, aren't the guys that are going to buy top and sell bottom. you want to be long risk management. there's few places to own it. >> okay. let's go to consumer discretionary because there were quite a few of them on that list, as well. no surprise, a lot of them in the home-building arena. louisiana pacific, lennar as well as home depot. >> to be where the home building has the most effect would be bank of america which has tremendous exposure to the whole industry. so i don't have an hc here, but i did not sell any discretionary today.

only ones of the earlier names was disney, two-week high. i like it. >> the cyclicals have always outperformed over the last couple of qes, you can go in there and if you want to do broadly, take a look at lxi. along at some of the rails. but also, i would say that you can even go for your junkier names, again, if you believe the economy's going to get better, then these names should actually outperform. >> what's trashy to you, brian? >> well, something like the junk bonds. >> coal names. >> yeah, coal names. fundamentals don't matter. the cleveland cliff, clf was up 6% today. >> big move there. >> for more on the fed moves, let's bring in the chief investment strategist of barclay's investment management. we had a huge argument on what it is to investors. to you, what is it? >> i think it doesn't mean very

much. what i think now is very similar to what i thought this morning and what i thought last week. and that is that we've got a balance of risk, we've got fundamentally cheap risk assets, relative to bonds and we've got a whole bunch of risks out there. most of which are political, most of which are unaffected by what the federal reserve did today. what they did, i think, was probably buy. we shouldn't expect miracles. >> uh-huh. >> the primary mechanism by which it operates on the economy and unemployment rate is through the housing market. we've brought mortgage rates down to 2%, 3%, or even a little bit lower. this has helped raise housing starts, that's the important thing for the macro economy. it means you've got residential construction going on, job creation, you've got people buying furniture and so on. and so i think this will continue to support the economy in that way. but we should not expect miracles. >> what the fed did today didn't

change your outlook on stocks and how you invest. let's go through your investment strategy. there are two important parts to it. one is dividend-paying stocks and the second one is high yield. dividend-paying stocks, what the fed told us today that interest rates will remain near 0% for a very, very long time. does that essentially put a floor underneath these dividend-paying stocks? so many of them for some analysts appear completely stretched in terms of valuation compared to their historical valuations and yet they keep going higher because people are in search for yields. >> people are looking for cash flow, dividend and interest cash flow wherever they can find it. i'm afraid that some clients are distorting their portfolios by chasing cash flow too assiduously. but for those who feel good about having a check in the mail every month or every quarter, the dividend stocks are a good addition to a portfolio. there's no floor under them. the only thing that puts a floor under things is buying a put option. but they should outperform in a

weaker market. >> and they can outperform in a global economy that's extremely fragile, which i know you believe. what there has changed? how much more confident do you feel today in the dutch hanging over the market? a lot of people thought they were going to put in some extremist folks that were going to push away from the euro, et cetera, et cetera, from 650 to 350, seems like everything's a. okay, but seems like china is printing multi-year lows on every important piece of economic data they produce. their number one presidential candidate to assume the throne went missing for a week. europe is politically still a mess even though there's been a successful gag order. what do you think of all of this? >> i think a lot of the risks are political, and that worries me. and because they're hard to analyze and hard to predict. yeah, the dutch election worked out okay. i have a big question about how long the spaniards will tolerate 25% plus unemployment and going higher.

we've got political risk in this country starting after the election with the fiscal cliff. and so, yeah, there are risks out there. if there weren't those risks, i would be buying every stock i could at these levels. they'd be a lot more expensive. >> aaron, thanks for coming by. we appreciate it. and of course, we continue to bring you the best way to play all the fed's latest moves from financials, treasuries, stick around to find out how you should be managing your position right now. [ male announcer ] when this hotel added aflac

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welcome back to the nasdaq market site. let's get a market splash, brian shactman back at headquarters. >> obviously not hard to find green arrows today. three specific spots, housing, consumer discretionary, and staples. start with housing, d.r. horton, lennar, they were all pretty much outperforming, maybe not lennar. i also want to take a look at consumer discretionary. we have all-time highs, whole foods, costco, marriott at a five-year high. and i also want to point out as we take a look at wells fargo up 3.5%, take a look at staples. spiking a little bit more in the afterhours. a story on fortune.com, the private equity might come in and maybe make a deal, maybe not until the end of the year. maybe want to swoop in on a possible premium and bain is involved in the talks. baaing to you. >> thank you very much, brian

shactman. staples is an interesting one because it's actually one of the biggest online retailers in this country behind amazon.com. >> yes, it is. and it actually in the last quarter they seem to be under a little bit more pressure from that than they have in the past. and that was disconcerted to us. i actually sold staples right around here. you remember bain, i think, was the original investor -- >> right. >> that's not a crazy name. but i think i'm skeptical, i would not buy in on the hope that that rumor is true. >> okay. let's move on to talk about financials because they were also moving higher today on bernanke's new stimulus with bank of america, one of the biggest gainers on the sessions. so, mike, do traders believe in this climb? >> the options traders did. they were all calls, the oct 10s and november 10s, saying 26 cents for over 38,000 of those overall 700,000 calls traded in bank of america versus about 200,000 puts. that's pretty remarkable if you

add up all that volume, that would have been about 7% of the average daily volume in every single options class in the month of august. so it's really a pretty amazing statistic for bank of america call buyers today. >> 7% of all the volume in august. that's amazing. >> yeah, and you've actually seen a little bit of this move come prior where you've seen the yield curve steepen quite a bit. and again, will help the banks will signal at bank of america they're tied to the housing market. >> the place where it got more impressive was in the european banks where i would be very cautious. the move in deutsche bank, if you look at the charts, they're back to their highs of four months ago. a place to me they have not structurally solved any problems, have not cleaned up their balance sheets. this is different than the u.s. know that. and secondly, getting pulled to the u.s. markets rally. >> does this make you concerned? just yesterday you're talking about the dax being your biggest position in your portfolio. maybe not after today -- >> no, still pretty much is.

>> but tim raises a good point. >> an excellent point, and really in the german area, the reason i'm in there is for the industrials. i agree with him on most of those european banks. somebody asked me, should they buy spain, i said no, because the spanish banks, i don't know if they're going to be nationalized. i don't want to buy that, but i don't mind buying the cyclicals in europe. >> all right. meantime, treasury reacted to the fed's big announcement, where will yields go from here? let's bring in the founder and ceo of killer capital management. what happens here? >> hey, melissa. wild day in the treasury pits behind me here in chicago. initially we saw that strong reaction and everyone's trading the markets thought the focus was on the mbs. if you're playing the ten-year note, you saw prices go down to 120, but then they realized they're going to twist and twist and bernanke's going to do more with that unlimited promise. therefore they came back and

bought. we're back to where we were pre-ben talking, and hunkered down under 2% for another couple of years. >> for people looking to get mortgages and refinancing, they want to know how low it will go. >> well, technically, i think we have to expect something coming out of europe here this fall. administration wise and maybe that's why ben went so strong today is because we talked about this yesterday on the halftime report. i expected him to deliver something substantial. but i swear to god, he put some tiger blood in his coffee this morning because what he delivered today is honestly kind of putting himself in a precursor we're going to fall short on fiscal policy. right now, technically, it's a long way to go, melissa, but 119 on the ten-year in the event we have some type of stumble in europe or the fiscal cliff. >> tiger blood, there's political juice in that too. let's get this straight. what happens after today?

does the chance of the u.s. recession in 2013 go up with rising oil prices or down? and if it's going up, the price of bond yields go where? up or down? >> well, keith, hold on. i know you like this political aspect. but think about it. in big ben's defense, he's doing something no one in the white house or washington has done. he's attacking jobs. trying to bring millions of americans back to work via his policy. agree with qe or not, agree with big ben or not, that was his focus today. yes, we will see oil go higher. the strategy is to stick with it. he's putting people into asset classes. >> more of what has not worked is going to magically create jobs, this is an interesting one. >> well, i think it goes back to b.k. b.k., you can close your eyes and buy anything. the only thing you can't buy is the u.s. dollar. i don't have to tell you that. >> yeah, i know. >> if we go back to october 2007, you could have bought anything too. from here, you absolutely have to get economic growth right.

did what ben bernanke did today, is it going to create jobs this time or slow growth not only locally but globally. and to get bonds and stocks right, you have to answer that question. >> well, i think from the bond perspective, you have to be honest here, keith. you will not see this mass exodus. they promised today they're going to hold it until mid 2015. that's not happening. what's going to happen, i think the fed's balance sheet continues to swell, like it or not, they're going to hold the bonds and maturity. therefore, shorting the bond market is not the play, it hasn't been the play for the last year. so they can go back in their cave to hibernation to mid 2015. >> good to see you, kilburg. mike, i want to go out to you. what jumped out at me is 119 on the ten-year yield. are you seeing any evidence in terms of positioning of that? >> no, i don't think so. i think i actually am seeing some people betting maybe it's too far, too fast. maybe not the best comparison. but when i see month-on-month ppi and ten-year yields at 1.7,

i look at this and think something is broken here and this simply can't last. granted, we're looking at a one-month statistic and probably not the best barometer. but it just sort of stood out to me. and i look at the situation and i think, eventually something's got to give. and, you know, what we were just hearing before was exactly right. you keep pushing on the string. i don't know what magic you think's going to happen here. >> coming up next, some names missing out on the bernanke bounce and one tech stock getting much-needed relief. and later on, some of the smart money on the street is betting on europe in a way you might not expect. find out if you should join in on this trade. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis.

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time for stops and drops, movers you might have missed. kick it off with a drop for usg. >> this is actually -- i'm glad i got this. it proves my point that fundamentals don't matter. they cut 4,500 jobs, got cut, they were at a conference, they didn't really have any great things to say. stock was down 10% almost. at one point closed 30 cents off

the highs of the day. i mean, this is a name i still continue to like. >> drop for nike to move 1%. keith? >> well, fundamentals do matter, and in this case citigroup made a call. and i think that will be positive when they report. and that's at the end of the day -- >> letter x is a pop. 3% to move. >> and fundamentals don't move, and prices have gone down this week. u.s. steel prices higher. it's better for steel companies that iron ore are lower, but the demand is not there. this is heavy resistant at 24. i would sell there. >> pop for jpmorgan. karen? >> yes, same thing as yesterday. more good news for the banks, a little bit of a steepening yield curve. and jamie dimon, still hot. >> pop for gold miners. etf up 5%. mike? >> you know, you've got a pop for gold, you're going to have pop for the miners. what happened today is a real positive for all of these names. and we're not surprised to see all of them higher with gold up

2% plus. >> and a drop for those tiny liquor bottles. workers at the new york jfk airport are in trouble after allegedly stealing 100,000 tiny bottles of liquor from american airlines. >> is that big ben? >> nothing to do with ben bernanke. let's make that clear. charged with taking the containers over a period of months and reselling them to bodegas in queens. that's capitalism. >> if i can stop there on the way to the airport -- >> you can buy them that were stolen from the airport. >>. >> ben bernanke in action right there. a pop for the germany index fund. pete? >> yeah, name i am long, one of my largest positions, again. i think europe made it an inflection point last week. did it again today. still like it. >> up 12%, keith. >> here's a great example where brian's right, fundamentals

didn't matter today. don't forget, fundamentals mattered from 23% to 5%. that's where the stock went when growth started to slow last time. >> pop here for nokia, up 6%. >> my girl is very whimsical, very volatile, and i would not consider this a reversal in the stock but an upgrade or two of what moves the stock these days. we still don't think there's a solution to fighting apple. >> and jc penney was down 1%. karen? >> that's because it's too expensive. i'm very pessimistic on the turn around, the valuation here too high unless ben starts growing money at shareholders of jc penney -- >> oh. >> pop here for cbre group, up 6%, mike? >> this stock is up double digits over the course of the last five days. the fed had a lot to do with that along with the fact the banks have sold about $1.25 billion of cmbs of the past week. this is going to fuel a lot of transaction.

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♪ welcome back to "fast money." we're live at the market site in new york city's time square. let's get another market flash from brian shactman at hq. >> more qe-3, more pops in the gold trade, up more than $30 and up even more at $38 to the upside at last check since the official close of open outcry. in terms of highs of 2012, this touched about a six-month high, but back in february we did

touch 1,790. i'm no math major but i work for a financial network, about $18 off. >> is that like i work at holiday inn so i can do brain surgery. >> during bernanke's term, since he took over as chairman, february 1st, 2006, to the present day, gold has been up 211%. >> i think it's going higher and making an awful lot of sense. this is where i agree with keith. you cannot hold cash in this environment. you hold gold. >> three of the major gold ceos of the world. barrick, these guys said within 12 months, some guys said even before. you know, all of the absurdity we're talking about in terms of global policy is still being met by central banks maybe because of that absurdity, buying 8% to 10% of gold this year to diversify. >> let's get the political angle on this whole fed story. what does it mean for the election?

romney camp quickly releasing a statement today saying after four years of stagnant growth and persistently high unemployment, the american economy does not need more artificial and ineffective measures. we should be creating wealth not printing dollars. take a look at in trades spiking significantly. where do you stand on the impasse of the election? >> i do think it helps obama people feel a little bit better when the stock market's better. but it could be short-lived. >> to not get what obama gets and rattner gets and what they all get is quite simple. get the dollar down, get asset prices up, and obama's probability of becoming the president goes straight up. that's a fact and you can spin any other growth slowdown any other way. that's why his chances went up. >> romney may want to appoint jeffrey laker as his new vice president candidate. he has shown the most restraint in the fed.

he's voted know six times despite mr. ryan is someone who with supposedly a credible game plain. i know he's not running. but this is a case where the ben is making a political impact. >> the ben. >> the bank. >> i'm curious, if romney should win the presidency and he gets rid of ben bernanke, or he serves the rest of the term and doesn't get reappointed, what happens to that language? does it remain in place? is there any risk? >> it depends on who is in there. i would think if romney is in there, clearly he's not going to put somebody in the fed that is a money printer. >> right. >> that absolutely changes the game. there's no question about it. i would say, actually, i'll take the other side and i think this actually hurts romney a little bit. >> hurts -- >> i'm sorry -- >> no, that's the exact side. no this side, it helps romney a little bit in that if you're a saver and you're older and you were worried about your medicare but now you want some higher --

you don't want the money printing, you might, you might go to romney. it's on the margin, i don't think it's that big of a game change. >> here's the big question tonight. who has a tougher job right now? ben bernanke or mario dragi? hans, where do you stand on that? >> you decided to start with an easy question. thanks. bernanke, what's the worst people can accuse him of? trying to buy an election for obama? trying to save his job. he's been fighting for the last month, and if you look behind the headlines, you know statements saying he's going to resign, you basically jostling for who is the alpha male in the central bank world in europe. and it's been a tough fight. draghi's done a really good job asserting himself. and really ended up being the linchpin for keeping the euro together. so given whose job i'd want, i

think bernanke's got an easier one. >> unchecked, unelected, he can do whatever he wants. >> and they look good on tv too. >> and at the same time you're finding opportunities in european sovereign debt. do you think ultimately draghi will find some success despite having a tougher job than ben bernanke? >> i think he's made huge headway. you know, the bund really was opposing him in pretty harsh terms. but i think that, you know, he's been able to lay the ground work for some introduction of electrici liquidity in this system and one of our largest positions, and they've done extremely well in this. i'd caution people against going in right now. it's been incredible run-up. i would steer clear of italy and spain right now. but there are incredible bargains out there. cypress on the short-term, greece has done incredibly well, very insulated against some of the noise that's come out. >> we mentioned the greek government bonds that you hold.

today there was a report that perhaps greece needs a third bailout, denied again, the typical european deny it and say it again. do they need a third bailout? and if they do, will it be backed by germany because from my view germany really needs to back it if they want to keep greece in the euro zone. >> the court case today laid the ground work for germany being part of the solution. and i think greece is in the tough position. the bailout that they may need i don't think impacts, you know, the private sector debt. the private sector debt amounts to 25%. there's no question that, you know, greece not only needs more stimulus at some level, but also needs to do some more restructuring. it's go i think to hit the official sector and it's not going to hit the headlines. on the law, and it's right now yielding still over 20% on the short end. and, you know, i think it's going to be very difficult even in the worst-case scenario for them to come to the table and try to give us a greater

haircut. >> and i've known hans for 15 years and he was one of the first guys crawling all over latin american defaulted bonds and out in russia with me in '98 and '99. one of the things about this trade is i think we're in a five-year deleveraging process. i think the sovereign debt's going to be very thorny. so, again, do you go after the private debt for the companies that have been starved? i think this is where guys like you who can weed through the wreckage. i don't think this is a trade that at least fundamentally gets solved for many years. >> i completely agree. you know that russia took a few years and that was on the fast track. europe is going to take a long time and that's sort of why i caution people. don't jump in to spain. wait. i don't want to sound too negative, but wait for things to really crater. and greece was on the verge of completely coming apart at the scenes. and to some extent, that's what you want to do. jumping in the private sector credit, you see a lot of stalling by the european banks and that involves a lot of the

corporate exposure, as well. but it hasn't made a washout like it did with greece. we got caught a little bit after the restructuring, all the banks on the committee with us sold everything. so prices came off a cliff, hit, you know, 12 cents on the dollar for, you know, 20, 23 maturities. it's not a bad risk/reward technically at that point. you need to wait for those events to happen in europe. and, tim, i agree with you completely. it's going to take a long time for this stuff to work out. and i think the question europeans have now, do they want to resolve the crisis in a muted environment or in a crisis environment? and they're doing a good job making it a muted environment. >> hans, thank you. we continue to trade all of today's movers on the fed's big decision day, plus it's a healthy trade that is one of this year's hottest ipos. up next, the boss of annie's natural foods. sparking huge investor appetite. stay tuned. my volt is the best vehicle i've ever driven.

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welcome back. another market splash with brian shactman. brian? >> excuse me, i was yawning because apple hit another

all-time high. excuse me. just got to wake up there. 685.50 on the day. worth about $640 billion company. google had a sharp day, 2% to the upside taking back that 700 level. it's amazing we didn't talk about apple iphone 5 in the second half of today, but there are your google and apple results. >> here's another interesting one moving in sort of general space, facebook shares after its biggest pop since its ipo down today by about 1% here, but in terms of google, apple, and/or facebook. >> long google, not a facebook buyer. >> zuck has the draghi thing, all he needs to do is functionally just speak, it could be great for the stock. >> well, there's another stock seeing strong momentum recently, organic food producer annie's, shares have jumped more than 140% since the march ipo. what lies ahead for the company?

joining us now from san francisco, john, good to see you wednesday again. >> hello there. >> got to ask you about the pizza because organic frozen pizza is what has analysts so excited. >> and you. >> it's going to roll out in your second quarter fiscal second quarter. so what's the progress of that right now? >> it's doing really well. we're rolling into over 2,500 points of distribution right now. it's a great-tasting product. we have every reason to believe that consumers are going to love it and we're tracking a little bit ahead of that initiative, about a quarter ahead of where we expected to be last year. >> a quarter ahead meaning based on what metric, john? >> well, just in terms of having retailers pick it up and cut it into their stores. retailers are telling us they're very excited. they think the products are well-positioned and differentiated and represent a great opportunity for them to connect with their consumers in natural and organic, which is a trend they're increasingly looking for. >> given that uptick, do you anticipate that to translate into greater sales than what you might have predicted?

>> i'd say we're going to get a little bit better start this year. we never anticipated it would be a big number for this fiscal year which ends march 31st of '12, but we will be building a nice base and expect to see good results from it going forward. >> congratulations on your success. obviously from the ipo. this has been tremendous. but it's kind of getting a little bit pricey as some of the others in the space. look at whole foods. what do you think of the stock price and the value you represent at this level? >> it's -- i can't comment on the stock price. what i can say is that it's been gratifying to get the investor reception to the long-term secular growth trend at national organic -- and a leading brand in that space and this sector has been growing for a long time. and obviously, there are expectations that the business will continue to grow in the future. and we think by expanding annie's into more mainstream grocery stores right into the

main aisle where people like to shop for convenience and continue to innovate with products like our certified organic pizza we think we'll be able to make people happy. >> are there any food areas or food types at this point that are sort of on your drawing board you're thinking about getting into? just curious how the pipeline works and what we can expect next after frozen pizza. >> we've been investing in our pipeline for over five years and we have a long pipeline that we know moms, kids, and families are going to love. they're going to be big categories that they're used to. and products that they are, the family want and that mom's going to feel a little bit better looking for an annie's alternative. we're optimistic in this base that consumers love. >> in the last reported quarter, there are some disappointment among analysts that meals did well, but snacks are short. what can you tell us about the mix in the second quarter we're in now? >> i can't speak specifically to the second quarter, but i can speak to the first quarter. we're still at the size where

what we do with certain customers and certain timing around easter can drive a little bit different results in some of the segments. i'll say that the syndicated data results, what's going through registers in our snack business is very strong. we see the same strength in meals, as well. and we expect snacks will be a long-term growth area for us. >> john, thanks for joining us. we appreciate it. >> nice to be here. thank you. >> the ceo of annie's natural. karen, you flagged the valuation part of it. i don't want to say it's inflated, but they have high p/es compared to some of the others. >> they do have high p/es. but this one is a smaller base, so growth is possible if they find some meaningful demand, which wouldn't be shocking. but for me, it's just kind of expensive here. >> yeah. where would you go in organic? >> i'm waiting for the mac and cheese pizza. it's in the pipeline. >> it's in the -- >> well, i'm reading between the lines, i think that's what --

>> mac and cheese pizza. >> that sounds a little -- no. i agree with that. after the break, we've got the bottom line on how you should be trading with ben bernanke's free money. plus, stick around for the trade of the day. it's behind the curtain. stay tuned. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners.

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all right. let's get the bottom linen o the fed's free money with the best ways to play today's decision. kick it off. >> emerging markets. >> b.k.? >> i think probably the easiest thing is just gold. gld. and any of the metals actually work. >> karen? >> along those lines. if they're throwing dollars from the sky, sell dollars. >> okay. keith? >> i say inflation's going to slow growth so you buy bonds and short procyclical stocks like cash and fedex. >> i love that little rascal video, should play it all the time. what's not to like? all right. time to reveal trade of the day here. that's all yours. >> ultimately, i think the biggest beneficiaries here are the weaker bummed out commodities, not because global demand is going gang busters, but built in, best in class, you want to own it one valuation and yes, it can all be relative to

spot prices. iron ore is an overshoot to the downside. not going to 160, but settling at 120. best in breed, best management team in the world. bhp is divesting bad projects. they just raised 2.3 billion from bad iron ore projects. these guys are the smartest, they're not valley, they're not reliant on iron ore, bhp is best in class at a time where this is the class you want to own. >> coming up next hour, cramer's got the ceo of joy global, plus jim thinks it's time to follow them out the door. he'll name names on "mad money." meantime, we've got your first moves tomorrow when we come right back.

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