Should you play the dip or run for the hills?
We turned to perma-bull Peter Schiff for some interesting insights. The bearish president of Euro Pacific Capital has buys in this space.
I own Potash and a Norwegian company called Yara International, Schiff reveals. I think the name of the game is to find out what China is going to buy and buy it first. I expect China will enjoy a higher standard of living and start consuming more. Much more.
Ag stocks and fertilizer names such as those mentioned above feed into the growing China consumer and that’s where I think investors should be.
And Walmart is a sell because they won’t be able to import cheap goods from China anymore, adds Schiff
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Trader disclosure: On October 5, 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); Grasso Owns (AAPL), (ABK), (BAC), (C), (COST), (CSCO), (PFE), (V), (MMT); Terranova Owns (NOV), (JPM); Terranova Owns Dec. Gold Futures; Terranova Owns March Sugar Futures; Terranova Owns Crude Futures; Terranova Is Short (CCL), (WYNN), (GRMN); Najarian Owns (C) Calls; Najarian Owns (BRCD) Call Spread; Najarian Owns (DELL) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (TEVA); Najarian Owns (ORCL) & Short (ORCL) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Call Spread
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