Decision '08: Buy S&P 500 In '07
Whether its Rudy or Hillary next year, the real winner may be the stock market right now. History shows that the S&P 500 rallies going into an election year. How do you trade it?
Dylan Ratigan explains that since 1931, the S&P has gained 14% in pre-election years.
Guy Adami doesn’t buy this theory but believes the market will do well for the rest of ‘07. He says the trade is defense stocks no matter who wins the White House.
Pete Najarian prefers Intel (INTC) and Texas Instruments (TXN) because he feels tech does better in the 2nd half of the year.
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Trader disclosure: On Sept. 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; Macke Owns (DIS), (INTC); Najarian Is Short(GS); Finerman's Firm Owns S&P Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (COP), (GE), (GCO), (NYX), (NMX), (USG), (LTD), (WMT); Fineram's Firm And Finerman Own (HD); NBC Universal Is The Parent Company Of CNBC