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Is the Worst for the Market Behind Us?

Wednesday, 12 Aug 2009 | 6:32 PM ET

The Dow surge notwithstanding there still exists a cottage industry of "perma-bears": people who believe the US economy is on the mend. Nouriel Roubini, also known as "Dr. Doom" was on CNBC's Squawk Box early Wednesday saw monetary policy and oil demand as a potential for a stock market "double dip." Are the Fast Money traders and other market insiders equally scared?

Bull Market or BS?
Discussing whether Fed chief Bernanke is leading us down the same road, with Peter Schiff, Euro Pacific Capital and the Fast Money team.

President and Chief Pacific Strategist of Euro Pacific Capital, Peter Schiff, was one of the bearish voices throughout the recession and he's giving his take on whether this market is headed into bullish or bearish territory. One important point about his investing strategy over the past year has been that although he's been bullish in US equities, he's been bullish in places outside of the country and investing accordingly.

One of the major reasons that he's been out of the US market is because of the dollar, as he's lost much faith in the monetary policy of the current and past administrations. For this reason, he sees opportunities abroad as the most lucrative because other central banks are not making the same mistakes as the US central bank is.

For more of his insight on the market and his solutions to the current situation, check out the video!


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Trader disclosure: On Aug. 12th, 2009, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (BUCY) And Is Short (BUCY) Calls, Owns (FCX) And (FCX) Puts, Owns (INTC) Call Spread, Owns (MSFT) & Short (MSFT) Calls, Owns (MS) And Is Short (MS) Calls, Owns (MOS) Calls, Owns (PALM) Call Spread, Owns (WMT) Calls, Owns (YHOO) Call Spread; Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY), Finerman's Firm And Finerman Own (BAC) Preferred Shares, Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT) Finerman Owns (RIG), Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Terranova Owns (AMZN), (MSFT), (POT) Puts, Terranova Works For (VRTS)

Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)

Virtus Investment Partners Owns More Than 1% Of (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (CLB)


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