Time to pull out a few more letters from the Fast Money mail bag. That's right, the guys answer your questions. On Monday Chuck writes “I was thinking of buying various ETFs in order to take advantage of a broad market bull rally. What are your thoughts on buying the QLD (Ultra QQQ Proshares ETF)…
Chuck from New Jersey
Chuck writes, “If the Fed were to cut interest rates, I was thinking of buying various ETFs in order to take advantage of a broad market bull rally. What are your thoughts on buying the QLD (Ultra QQQ Proshares ETF) and the GLD (streeTracks Gold Trust)?
Guy Adami likes the QLD, however, the GLD concerns him a bit. Stacey Briere Gilbert disagrees. She sees GLD as a safe haven.
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Trader disclosure: On Aug 20 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money; Macke Owns (DIS), (JWN); Najarian Owns (ATML); Najarian Is Short (GS) Najarian Owns S&P Puts; Stacey Briere Gilbert Is Chief Options Strategist For Susquehanna Financial Group, LLLP; Gilbert Is Head Of Market Intelligence Research For Susquehanna Financial Group, LLLP; Gilbert Does Not Cover Individual Securities But Does Recommend Trading Strategies
Susquehanna Financial Group Is A Market Maker In (ATML), (BIDU), (CROX), (DNDN) (FSLR), (FXI) (GYMB), (GRMN), (GOOG), (INTC), (JKHY), (LEND), (MSFT), (NDAQ), (PSUN), (PALM), (Rost, (RIMM), (SPLS), (SSCC), (TRMB), (YHOO), (ZUMZ), (QQQQ); Susquehanna Financial Group And/Or Its Affiliates Together Own More Than 1% Of The Shares Of (BSC), (BIDU),(CROX), (CME), (DNDN), (LEND), (NMX),(PALM), (RIMM), (MA), (FCX); Susquehanna Financial Group Has Provided Advisory Services To (AEO); Susquehanna Financial Group Has Provided Advisory Services To (GYMB)