CNBC Fast Money Recap 1/23/09 January 23, 2009

Today, January 23, 2009, CNBC's Fast Money Guy Adami and Jeff Mackie gave their insight on General Electric ( GE ). Jeff Mackie also made a bullish case of some of the Banking Stocks.

CNBC Fast Money Recap 1/23/09

Guy Adami on General Electric ( GE ) - Huge volume today in GE stock...there is a value in their other businesses, the volume today could be a sign of capitulation, and we may have seen it today.

Karen Finnerman on GE - It wouldn't be shocking to me if they accessed some sorta of government mandate...I'm not long or short, really don't know how it will turn out with General Electric.

Pete Najarian on GE Options trading - I think they could get a credit rating change and that is a risk... the options activity right now is huge - the options trading right now is not protection, but speculation on the downside in options all the way down to the $5.00 strike price. Traders are speculating for later this year.

Jeff Mackie on the Banking Stocks - I bought these stocks: Bank of America ( BAC ), Citigroup ( C ), Morgan Stanley ( MS ) - willing to take the risk that these banks aren't going to zero....all the bad news is out, Obama won't let these fail. I am a trader so I could get out of these next week but I think that there is no news they could put out that could surprise me.

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