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Inflation Reading Highest In 34 Years

What's the trade as wholesale prices post their biggest 1-month jump since 1973?

We could see some inflation says Karen Finerman. When you think about the Fed’s actions, it suggests to me they’re concerned about it. She adds, if inflation is out there – I ask myself what trades are defensive to the problem?

I likes Wal-Mart (WMT) and iShares Lehman TIPS Bond (TIP) she says.

I think the trade is the grocers adds Jeff Macke. Folks got to eat. I like Safeway (SWY) as well as Procter & Gamble (PG).

Look at Unilver (UL) adds Guy Adami.

Symbol
Price
 
Change
%Change
PG
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SWY
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ULVR
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WMT
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Trader disclosure: On Dec. 13, 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 (SWY), (INTC), (EMC), (YHOO), (ATVI); Najarian Owns (BIIB), Najarian Owns (BSC) Options, (GOOG) Options, (TGT) Options, (XMSR) Options, (YHOO) Options; Finerman's Firm Owns (GS), (WMT); Finerman's Firm Is Short (IWM), (IYR), (SPY), (IJR), (MBI); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts

Symbol
Price
 
Change
%Change
PG
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SWY
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ISH BAR TIPS
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WMT
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