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Trading The Globe: India

Considering India’s stock market has more than doubled over the last 5 years, is India in bubble territory.

It’s no secret that India is hot. In fact, India is the world’s second fastest growing major economy. And for 2010 India is expected to grow at 8% the fastest pace in 3 years.

But that kind of growth can generate bubbles. What must you know before you put money to work in this emerging nations?

For insights we turned to Luciano Siracusano, Of Wisdomtree Investments. He runs the India ETF -- WisdomTree India Earnings ETF (EPI) with $800 million under management.

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WisdomTree India ETF Top 5 Holdings

COMPANY INDUSTRY
1) Reliance Industries Conglomerate
2) Infosys Technology
3) Oil & Nat Gas Corp. Energy
4) State Bank of India Finance
5) ICICI Bank Finance

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Siracusano tells us not to be deceived - that India is not a bubble. He says the reason India is up so much this year is because it was down so much the year before. He suggests buying India broadly.

Fast Money emerging markets trader Tim Seymour prefers individual stocks. In India, my favorite trades are Tata Motor and Infosys , Seymour says.



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Trader disclosure: On Apr 8, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian Owns (AAPL) Call Spreads; Jon Najarian Owns (AMZN) Call Spreads; Jon Najarian Owns (AMR) Call Spreads; Jon Najarian Owns (BAC) Preferred; Jon Najarian Owns (C) Preferred; Jon Najarian Owns (F), Is Short (F) Calls; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (HPQ), Is Short (HPQ) Calls; Jon Najarian Owns (IGT) Calls; Jon Najarian Owns (JPM) Preferred; Jon Najarian Owns (JCG), Is Short (JCG) Calls; Jon Najarian Owns (LVS), Is Short (LVS) Calls; Jon Najarian Owns (MCD), Is Short (MCD) Calls; Jon Najarian Owns (MS) Preferred; Jon Najarian Owns (RIMM), Is Short (RIMM) Calls; Jon Najarian Owns (WMT) Calls, Is Short (WMT); Jon Najarian Owns (WFC) Preferred; Jon Najarian Owns (WYNN), Is Short (WYNN) Calls; Jon Najarian Owns (YHOO) Call Spreads; Jon Najarian Owns (AMR) Call Spreads; Jon Najarian Owns (HOTT); Jon Najarian Owns (CSCO), Is Short (CSCO) Calls; Terranova Owns (AXP), (EOG), (SWN), (FCX), (GLD), (POT), (TER), (YHOO); Terranova Is Short (XLY), (LCC), (FDX); Grasso Owns (ASTM), Grasso Owns (ABK),Grasso Owns (AAPL), Grasso Owns (BAC), Grasso Owns (BGP), Grasso Owns (C), Grasso Owns (CVGI), Grasso Owns (COST), Grasso Owns (JPM), Grasso Owns (NEM), Grasso Owns (PRST), Grasso Owns (WMT), Grasso Owns (PFE), Grasso Owns (BA). Grasso Owns (T); Edwards Owns (TM); Edwards Owns (UUP); Stutland Owns (MSFT); Stutland Equities Is A Market Maker In VIX And SPX Options; Kelly Owns (FXE) Puts; Cortes Owns (IAI), (MS), (GS); Cortes Is Short S&P Futures; Seymour Owns (AAPL),(F), (INTC)

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