Expect This Friday: Tim Seymour
Stocks closed lower Thursday following a signal that the Federal Reserve might be taking another look at its monetary policy, and EmergingMoney.com's Tim Seymour said he saw a signal there.
"Tomorrow is the day you have the selloff," he said on CNBC's "Fast Money." "Now the market starts to react to good data in a way which is very negative."
Seymour floated the idea that the Fed was just testing the waters.
"The Fed thinks about every word they say, and this tells why the Fed minutes are so important," he said. "I think this is a bit of a trial balloon."
(Read More: End of Stimulus? What's Behind Fed's Surprise Statement)
Seymour also cited inclusion in the minutes of sentiment that conditions still warrant quantitative easing, although it could take a different form.
"They're not equating QE with zero interest," he said.
Trader disclosure: On Jan. 3, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Brian Kelly is long QQQ PUTS; Brian Kelly is long EWG; Brian Kelly is long EWU; Brian Kelly is short EWY; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long JCP; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long GDX; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long PXD; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is funds long HPQ; Steve Grasso is funds long MU; Steve Grasso is funds long NEM; Steve Grasso is funds long KSS; Steve Grasso is funds long ZNGA; Steve Grasso is funds long BODY; Steve Grasso is funds long HOG; Steve Grasso is funds long JPM; Steve Grasso is funds long KKR; Steve Grasso is funds long BWLD.
