I agree that the news out of China was positive, says Brian Kelly. I’m bullish gold as well as the whole commodities tape.
I’m bullish China too, says Stephen Weiss. I equate long China to getting long ahead the industrial revolution here in the US 100 years ago.
I don’t think China has the tools to control inflation, says David Riedel of Riedel research in a live interview. I suspect the inflation issue comes home to roost.
How would Riedel position? Click here to go to Is China About to Slaughter This Bull? and find out what he suggests.
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OBAMACARE IN INTENSIVE CARE?
The health care sector experienced a mid-day pop Monday after a judge ruled against Obama's health care law in a Virginia court; first major ruling against the law.
The key issue here is whether the federal law's requirement that citizens buy health insurance or pay a penalty is constitutional.
What’s the trade?
If Obamacare is repealed it should reduce costs to companies, says Brian Kelly.
Developments make me cautious because it introduces uncertainty into the entire space, says Joe Terranova.
If you want to trade the space, I’d look at medical records company such as Cerner , says Guy Adami. No matter what happens they should benefit as the industry digitizes records.
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RETURN TO SENDER: NETFLIX
Check out the sharp move lower in Netflix on Monday -the high flyer sunk after the CEO of Time Warner told the New York Times that the days of Netflix's cheap content deals are over.
What’s the trade?
I think the stock has shown it’s hand, says Guy Adami. I’m looking for it to trade down to $170.
I agree that momentum has changed in this stock, adds Joe Terranova. I wouldn’t go short but I think anyone who’s long should buy protection.
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Trader disclosure: On December 13, 2010, 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); Adami's wife works at (MRK); Terranova Owns (UPL), (C), (PEP), (OXY), (GS), (NKE), (VRTS); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman Owns (AAPL); Finerman's firm owns (ARO); Finerman Owns (BAC); Finerman's firm owns (BBY); Finerman owns (GOOG); Finerman owns (JPM); Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (THC) calls; Finerman's firm owns (GLNG); Finerman owns (GLNG); Finerman owns (GOLE); Finerman's firm owns (GOLE); Finerman's Firm Owns (OCR); Finerman's Firm Owns (GLW); Finerman owns (CVS); Finerman's firm owns (CVS); Weiss Owns (FNSR), (FRO), (FAS), (INFN), (OCLR), (SWC), (QCOM), (MXIM), (VZ), (DVN), (HK), (COP)
For Brian Kelly
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For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
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For Mike Khouw
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For Doug Kass
Doug Kass has no disclosures.
For David Riedel
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Other relevant disclosures
Karen Finerman (SOT)
Finerman Owned (GYMB) On 10/7/10
Finerman's Firm And Finerman Owned (JCG) On 11/23/10
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