In fact, there's enough malaise to make you want to grow your hair long and listen to “Frampton Comes Alive” in your mom's basement again.
But take heart, there aren’t any gas lines… well not yet. And the 70’s did eventually lead to one of the best periods ever on Wall Street.
So go ahead and put on the polyester suit and platform shoes. Because the following two trades that worked then could work again.
Look at McDonald’s , counsels Guy Adami They had huge growth domestically during the 1970’s and appear poised to experience that same kind of growth again today, though this time it's international expansion.
And I like Ford too. They hit a home run with the Fiesta in 1976 and I think under CEO Alan Mulally, they’re headed in the right direction in 2008.
We want to hear from you! Are we in the middle of a 1970's-like slog in the stock market? Answer the Charles Schwab Question of the Day!
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to email@example.com.
Trader disclosure: On May 8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (BTU), (AGU), (NUE); Najarian Owns (AAPL), (ENER), (TSO), (XLF), (BKC); Najarian Owns (AA) Calls, (EK) Calls, (MSFT) Calls, (BID) Calls, (YHOO) Calls, (C) Calls, Najarian Owns (BUD) Calls; Macke Owns (MSFT), (INTC), (ATVI); Finerman Owns (GS); Finerman's Firm And Finerman Owns (C) And (C) Leaps; Finerman's Firm And Finerman Own (HD), (KALU); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (AEO), (MSFT), (NYX), (PLCE), (TSO), (VLO); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (IJR)