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What Slowdown?

Tuesday, 18 Sep 2007 | 10:12 AM ET

Oil prices jumped to another record Monday. Is the 32% jump in crude this year telling the true picture of the economy? And what's the trade if it is?

Tomorrow's Headlines #2
Debating whether oil is heading toward $85 or $45, with the Fast Money traders.

Pete Najarian says the world needs energy. He feels coal is the forgotten sector and believes coal companies have more upside than oil stocks. He likes Peabody Coal (BTU).

Guy Adami tells the panel that Barron’s wrote about the potential of $45 oil in days to come and wonders if Barron’s knows something.

Karen Finerman likes ConocoPhillips (COP) as a validation of global economic growth.

Jeff Macke reminds investors that oil is denominated in dollars.

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Trader disclosure: On Sept. 17, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (EMC); Najarian Owns (VMW); Najarian Is Short (ETFC); Najarian Owns (GS) Options: Finerman's Firm Owns (TXI), (WMT), (TGT), (COP); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; GE Is The Parent Company Of CNBC

  Price   Change %Change
COP
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BTU
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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