Decision '08: Buy S&P 500 In '07

Friday, 21 Sep 2007 | 9:19 PM ET

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.

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The S&P 50 has averaged a 14% gain in pre-election years since 1931, with the Fast Money crew.

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.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

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

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