Your Questions About How To Trade A Market This High
Question #1 : Ian from Colorado says he was burned by the last bear market and had to wait seven years to get back to even. He asks if he should buy now?
Guy Adami says this is a stock pickers market but it’s okay to get in, now. He recommends EMC Corp. (EMC) , Valero (VLO) and Dell (DELL).
Question #2: William from Georgia notices that the commodities markets are beginning to show signs of weakness. He wonders if the broader market will benefit?
Eric Bolling says he’s concerned about flows of money. He recommends staying in metals as well as the Fast Money “Ag” Play, which are 4 stocks Eric recommends as long term buys in agriculture. They are Monstanto (MON), Bunge (BG), Agrium (AGU) and Deere (DE).
Question #3: Ken from Ohio says with the market at all time highs he feels there are many fine short candidates developing. He wonders if Apple (AAPL), Crocs (CROX), or Research In Motion (RIMM) is worth shorting?
Pete Najarian says RIMM has the greatest potential to drop because the PE level is ridiculously high. Eric Bolling says be short CROX. Jeff Macke says don’t get short anything. Guy Adami says the day APPL trades 150 million shares will be the day to short APPL, and it’s coming soon.
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Trader disclosure: On May 21, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Bolling Owns (DIS), Gold, Silver, Coffee, Sugar; Bolling is Short (FXI) Najarian Owns (AAPL), (GS), (OXPS), (CME), (BOT)