All New Bear Repellant Formula

Looking for ways to battle the bear. The Fast Money traders (and a few of their friends) have some ideas for you.


CNBC’s Jim Goldman tells our producers, “Microsoft will report its fiscal first quarter Thursday after the bell and expectations have been coming down along with confidence in the overall economy. Full year guidance will likely come down too, however Microsoft's own guidance hinged on how it thought PC sales would perform on the quarter and market research suggests they've been far stronger than expected.”

Goldman goes on to say that Microsoft has a staggering $24 billion in cash on the books, which he thinks makes the company "a great hedge against recession."

BATTLE THE BEAR: The Strong Dollar

I wouldn’t buy the spike, counsels strategic investor Dennis Gartman. If it moves back 3 or 4 euros then it’s okay to buy.


I’m playing McDonald’s , counsels Jeff Macke. But I’m playing it small and I’m terrified.


If you want to dip your toe in Apple I think now is an okay time, counsels Guy Adami.


Philip Morris, Diageo and Reynolds might be places to hide, counsels Karen Finerman. But only on a relative basis.

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Trader disclosure: On Oct.22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money trader; Macke Owns (SDS), (UUP), (MSFT), (BNI), (MCD); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS), (PM), (RAI), (DEO); Finerman's Firm Owns (MO), (MSFT); Finerman's Firm Is Short (BBT), (COF), (IYR), (IJR), (USO), (SPY), (IWM); Seymour Owns (AAPL), (BAC), (EEM), (F), (MER)

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