Stocks ended Wednesday little changed after the Federal Reserve concluded its 2-day meeting and pledged to keep interest rates low for an extended period.
In a unanimous decision, the U.S. central bank left benchmark overnight rates on hold in a zero to 0.25 percent range, as widely expected.
It seems the Fed's policy stance had largely been baked in, consequently giving investors very little new direction on the outlook.
How should you be positioned, now?
I expect the market to melt-up in year’s end, says Tim Seymour. I’d stay in the trades that give you above trend growth but don’t play off a runaway dollar.
For me the trade is all about the next earnings season in 2010, says Joe Terranova. I’d identify companies you think will beat on the top line and get long.
For a trade, I’d get into Jefferies hoping for a year end rally, says Guy Adami. I’d also take a hard look at Rockwell Collins.
How is widely followed investor Dennis Gartman trading in the wake of the Fed decision. Watch the video and find out!
You can find our interview with Gartman at the end of the Word on the Street video.
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Trader disclosure: On December 16th, 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); Seymour Owns (AA), (FXI), (INTC), (PBR); Najarian Owns (AAPL) Calls; Najarian Owns (DELL) Calls; Najarian Owns (FCX) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (RIMM) Calls; Terranova Works For (VRTS)
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