Fast Money

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Fast Money

The Whole World In His Hands

Ben Bernanke’s half-percentage point move sent shockwaves through the farthest corners of the earth. iShares MSCI Emerging Markets (EEM) hit a record high Wednesday following a 10% move Tuesday. Merrill Lynch says this is the last great buying opportunity for emerging markets. Should you jump in?

Tim Seymour, Co-Founder and Managing Partner at Red Star Asset Management joins the panel for this conversation.

Tomorrow's Headlines #3

Seymour explains that stocks all around the world moved higher after The Fed cut rates. However, he cautions investors not to rush into emerging markets now, because there’s already been a big run. For an infrastructure play, he recommends Tenaris (TS) rumored to be in a deal.

For liquidity Tim likes Russia. However, Russia is a difficult market to get into and consequently Tim recommends cellular companies Vimpel-Communications (VIP) and Mobile Telesystems (MBT) as well as steel producer Mechel OAO (MTL) as his Russia plays.

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Trader disclosure: On Sept. 19, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SWY); Najarian Is Short (ETFC); Najarian Owns (GS) Options; Finerman's Firm Owns (BWS), (COP), (GCO), (NMX), (LTD); Finerman's Firm Owns S&P 500 Puts And Calls; Finerman's Firm Owns Russell 2000 Puts

Seymour Owns (TS), (GFA)