As 2009 draws to a close, what’s your best bet for the decade ahead?
If the past is any indication your best long term investment may be in energy and the Ukraine.
As Fast Money series producer John Melloy writes in his blog, shares of Ukraine’s stock market surged almost 1500 percent, the biggest jump among the 73 country indices tracked by Bespoke Investment Group. Romania and Venezuela were other top performers.
10-Yr % Change
So if you weren't fortunate enough to put your 401k into the Ukraine on Dec. 31, 1999, what was your best allocation choices within our economy?
Energy stocks in the S&P 500 doubled while raw materials shares climbed 25 percent.
Sector Performance in the Last Decade:
S&P 500: -24%
Con. Disc: -23%
So, what’s the trade?
I think commodities is the long-trade for the decade to come, says Tim Seymour. Car sales in China alone have gone from 200,000 to over 1 million in the past ten years. But commodities are only trading 15% higher than they were in 1980 as measured by the CRB. With demand escalating in the emerging world it’s my ‘one brain cell’ trade for the decade ahead.
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Trader disclosure: On December 10th, 2009, the 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); Finerman's Firm Owns (MSFT), (WMT), (AAPL), (FLS); Finerman's Firm Is Short (IJR), (IWM), (SPY), (MDY); Finerman's Firm Is Short (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (WFC) Preferred; Seymour Owns (AAPL), (EMM), (INTC), (PFE), (TKC), (BAC), (FXI), (GE), (POT); Seymour's Firm Owns (MTL); Najarian Owns (BRCD), ; Najarian Owns (PFE); Najarian Owns (TEVA); Najarian Owns (AAPL) Calls; Najarian Owns (DELL) Calls; Najarian Owns (FCX) CAlls Spread; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (RIMM) Call Spread
For Steve Cortes
Cortes is Short (XRT)
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