1929 – 1987 – 1999—and now 2008. Certain years will always summon vivid memories for Wall Street. As for 2009, it will probably go down as the 1988 of this decade; pretty forgettable.
As you wait for the next big thing, what should you do?
You might be tempted to build a watch list with some alternative energy names. And if you do, you’ll notice that most solar, wind, and ethanol firms are all down big this year. But with gas prices under $2, they're likely to stay that way.
What could possibly give these green stocks the green light? We’ve got one word for you, Obama. A healthy chunk of the next president's nearly trillion-dollar stimulus will target things that are environmentally friendly.
Of course we all know how slow the government can be. It’s quite likely that by the time the green checks are in the mail, it will be time to ring in another new year. So forget 2009, here's your outlook 2010.
If you’re looking ahead, Pete Najarian says look at First Solar , Energy Conversion Devices or Eastman Chemical. "All those companies are well run and could have upside."
"I think Claymore/MAC Global Solar Index, is a good way to get long solar," adds Quint Tatro. "Or check out Fuel Systems SolutionsWestport Innovations or Cummins as a play on compressed natural gas."
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Trader disclosure: On Dec. 30th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (MSFT), (TM), (WMT): Pete Najarian Owns (AAUK) And Is Short (AAUK) Calls; Pete Najarian Owns (DOW) Call Spread; Pete Najarian Owns (XHB) Call Spread; Pete Najarian Owns (ENER) Call Spread; Tatro Owns (JPM), (WPRT); Quint Tatro Is The Principal Of Tatro Capital; Tatro Capital Owns (INTC), (SDP), (DXO), (WPRT)’ Tatro Capital Is Short (AAPL), (GOOG), (XOM), (CVX)
Terranova Owned (GS) On 6/3/08; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (OFC), (DLR), (EXR), (IGE), (MAC), (DBC), (DBV), (SKT), (UA), (CLB); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights
GE Is The Parent Company Of CNBC
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