And because of the diving dollar it's all 10 percent off. You better act now because it's going fast. A government report Tuesday showed the US has achieved record exports as well as the smallest trade gap in five years.
Where's the fast money as Crazy Eddie, ummmm, Uncle Sam slashes prices?
Zachary Karabell, Executive Vice President and Chief Economist at Fred Alger Management joins the panel for this conversation. Following is a summary of his main points.
How do you trade this phenomenon?
Look at the drivers of global growth, counsels Karabell, companies such as Caterpillar which supply the equipment to erect new structures.
Also check outChicago Bridge & Iron and Fluor which are involved in the infrastructure buildout of the emerging world. They should all benefit, he counsels.
I also like Caterpillar, adds Guy Adami.
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Trader disclosure: On Mar.11, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Pete Najarian Owns (AAPL), (AMAT), (BIIB), (C), (CSCO), (MS), (MSFT), (NOK), (XLF), (YHOO), (CPHD); Pete Najarian Owns (AA) Calls, (COP) Calls; Pete Najarian Owns (FNM) Puts; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (AEO), (FNM), (GE), (JCP), (MO), (MSFT), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Seymour Owns (CFC), (CSCO), (INTC), (MBI), (MSFT), (S), (TMA), (TSO), (TSM); Seygem Asset Management Owns (VIP); GE Is The Parent Company Of CNBC