After Morgan Stanley suggested putting money to work in emerging markets, citing "historic" low valuations, how should you position?

Find out from EM trader Tim Seymour. Watch the video now!

This content is only available online - you won't find these trades on TV.

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Trader disclosure: On Aug 15, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders Terranova owns (XOM); Terranova owns (CVI); Terranova owns (CAT); Terranova owns (OXY); Terranova owns (AAPL); Terranova owns (DAR); Terranova owns (FCX); Terranova owns (CACI); Terranova owns (ARUN); Terranova owns  (ORCL); Terranova owns (EMC); Terranova owns (NCR); Terranova owns (VMW); Terranova owns (IBM); Terranova owns (AMZN); Terranova owns (LULU); Terranova owns (LTD); Terranova owns (WFM); Terranova owns (WFC); Terranova owns (JPM); Terranova owns (AXP); Terranova owns  (FXA); Terranova owns (VRTS); Terranova owns (LQD); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Najarian owns (AAPL); Najarian owns (C); Najarian owns (BX); Najarian owns (MS); Najarian owns (MSFT); Najarian owns (PFE); Najarian owns (TCK) ; Najarian owns (ECA); Najarian owns (MS); Najarian owns (DIS); Najarian owns (IDCC) calls; Najarian owns (GLD) calls; Najarian owns (GDX) calls; Najarian owns (SLV) calls; Najarian owns (SGI) calls; Najarian owns (CMC) calls; Najarian owns (RSX) calls; Najarian owns (DIS) calls; Najarian owns (UNP) calls; Seymour owns (AAPL); Seymour owns (BAC)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS
Virtus Investment Partners Owns More Than 1% Of (CSVI
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (RLI)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC

For Todd Gordon
** No Disclosures

For Mark Wiltamuth
Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of CVS/Caremark Corp., Family Dollar Stores Inc, Fresh Market Inc, GNC Holdings Inc, Wal-Mart Stores, Inc.
Within the last 12 months, Morgan Stanley has received compensation for investment banking services from Costco Wholesale Corp., CVS/Caremark Corp., Dollar General Corporation, Family Dollar Stores Inc, Fresh Market Inc, GNC Holdings Inc, Kroger Co., Safeway Inc., SUPERVALU, Target Corp., Wal-Mart Stores, Inc., Walgreens.


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