(Vote Now: Did the Fed Get It Right?)
Tim Seymour, a hedge fund manager and founder of EmergingMoney.com, thinks the emerging markets is the best way to trade the Fed moves.
Seymour noted emerging markets are buying commodities, so investors should look at iron ore and coal. After all, Seymour said commodities had long been "overdone to the downside," meaning commodities prices were lower than he thinks they should be. He thinks commodities could continue to push higher. From the options pit, trader Mike Khouw said he saw a lot of upside bets in both the commodities and financials.
Finally, trader Keith McCullough noted that the Fed's bond buying program could create inflation. So he thinks investors should consider how inflation might impact companies.
"Inflation is going to slow growth, so you buy bonds and you short pro-cyclical stocks," said McCullough, chief executive of Hedgeye Risk Management, listing Caterpillar and FedEx as examples of stocks to short.
Read on for the Top Secrets of Pro Traders
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CNBC.com with wires.
When this story was published, Drew Sandholm owned the GLD.