Dylan Ratigan sneaks onto the streets of Times Square to answer more of your questions.
Daniel from New York
Daniel asks, “Do you think strong demand abroad will offset declining consumer spending and stave off a recession?”
I don’t think we’ll go into a recession says Jon Najarian. We might teeter for the first half of ’08 but I like the market going forward.
Guy Adami agrees. He recommends Hewlett-Packard .
Samantha from New York
Samantha asks, “Applebroke the $200 barrier this year...is it too rich for 2008?”
I think Apple stock is getting "ridiculous," replies Brian Schaeffer. It’s up something like 125% and I recommend taking profits.
Jon Najarian feels differently. I think it goes higher, he says . My price target is $230.
* Note: On Monday December 31st the Fast Money panel was made up of:
Brian Schaeffer, Van Der Moolen Capital Markets Managing Director
Carter Worth, Oppenheimer Chief Market Technician
Jon Najarian (Pete’s brother) aka The Monster
Guy Adami aka The Negotiator
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Trader disclosure: On Dec. 31, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian Owns (AGU), (AAPL), (BAC), (BSC), (C), (CSCO), (DPTR), (ELON), (GS), (LEH), (MA), (MER), (MON), (MOS), (RIMM), (SOLF), (TSO), (VLO), (WM), (UBS), (XLY), (SBUX); Jon Najarian Is Long Hang Seng Index; Armstrong Owns (UUP) ; For Carter Worth – Oppenheimer & Co. Has Received Compensation For Investment Banking Services Provided To Wachovia On May 1, 2007; Oppenheimer & Co. Is A Market Maker In (ISRG, (YHOO) and (RIMM)