As Western markets wilt, should you look to the East for powerful economic growth?
Now is the time to think about loading up on China, says Tim Seymour. At this point in time China’s export market to the US is not that meaningful. In other words, if the US goes into a recession, exports won’t drop enough in China to make a significant difference to its economy.
If you buy Tim Seymour’s thesis, then buy the agriculture names says Pete Najarian. Look at Mosaic (MOS),Monsanto (MON) or even Dupont (DD), he says.
Karen Finerman doesn’t buy it. If the US slows down it’s going to hurt China, she counters.
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Trader disclosure: On Jan 24, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Najarian Owns ( C), (COP), (CSCO), (EBAY); Najarian Owns (AAPL) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS), (HD), (MO), (MSFT); Finerman’s Firm Owns (HD), (MO), (SUN), (TSO),(VLO),(WMT), (YHOO),(SPG); Finerman is Short (FS); Finerman is long (FS) and long (FS) puts; Tim Seymour is Owns (AA), (DELL), (INTC), (MER), (MSFT); Tim Seymour’s firm owns (AAPL), (COP)