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Fast Money

Toss The Football Trade

The mortgage crisis could emerge as a key issue for Republicans and Democrats as they slug it out for control of the White House. Sure it’s politics – but what's the trade as the candidates toss around the football?

It sounds like there is going to be a more surgical approach to dealing with the crisis says Tim Seymour on CNBC’s “Closing Bell.” The question is, how much does the Fed need to be involved to solve the issue?

Fast Money Final Call

How much?

The implication is to expect more easing, he adds. Therefore big cap materials names and companies exposed to global growth are the trades.

How about emerging markets?

I like Russia a lot, Seymour replies. Gazprom is getting a big boost from domestic gas prices going up in Russia. And I love the materials names in Brazil.

Profiting From Pain

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Trader disclosure: On Dec. 5, 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 (INTC), (YHOO), (ATVI); Pete Najarian Owns (BSC) Options, (COP) Options, (GOOG) Options, (XMSR) Options, (YHOO) Options, (TSL) Options (EMC) Options, (BIDU) Options, Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (BEAS), (BWS), (CROX), (TSO), (YHOO), (NMX), (NYX), (PLCE); Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MBI); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options; GE Is The Parent Company Of CNBC