It’s not easy to cover a song – let alone this classic, but Ben Bernnake is giving it a whirl.
We’re talking about the Twist – the Chubby Checker tune that became an anthem of the 1960’s.
Of course, Bernanke’s version will have much more of a Street beat – in this version the central bank sells shorter-term securities to buy longer-term holdings.
The last time the Fed made a similar move was 1961.
We thought if the Street stands any chance of having a hit with the re-make, we’d better first check-in with the man who made the Twist a household favorite - Chubby Checker.
And it’s a good thing we did. Chubby tells us “the Twist has always meant money for everyone!”
Check out our conversation Chubby Checker. Watch the video now!
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Trader disclosure: On Sep 21, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Weiss is short BTU; Weiss is short CNX; Weiss is short TBT; Weiss is long QCOM; Weiss is long EUO; Weiss is long SDS; Weiss is long CDX; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Terranova is long VRTS; Terranova is long OXY; Terranova is long HOS; Terranova is long OIH; Terranova is long CVI; Terranova is long AXP; Terranova is long EMC; Terranova is long WFM; Terranova is long AMZN; Terranova is long PCP; Terranova is long CF; Terranova is long WFC; Terranova is long AAPL; Terranova is long IBM; Finerman owns HPQ; Finerman owns YHOO; Finerman owns AAPL; Finerman owns BAC leaps; Finerman owns IBM and short calls; Finerman is long JPM; Finerman owns MSFT; Finerman owns ORCL; Finerman’s firm owns AAPL short calls; Finerman’s firm owns BAC; Finerman’s firm owns GOOG; Finerman’s firm owns JPM leaps and long puts; Finerman’s firm owns MSFT and short calls; Finerman’s firm owns ORCL; Finerman’s firm owns IWM; Finerman’s firm owns MDY; Finerman’s firm owns SPY; Cortes is long SO; Cortes is long CAG; Cortes is long Treasuries; Cortes is short EUR; Cortes is short AUD; Cortes is short S&P Futures; Stutland is long TLT; Stutland is long CSCO and has short calls; Stutland is long IBM and has short calls; Stutland is long INTC and has short calls; Stutland is long QCOM and has short calls; Stutland is long GLD and holds long option positions in calls and puts; Stutland is long TLT and has short calls and short puts; Stutland is long NLY and has short put spreads ; Stutland’s firm is a market maker of VIX
For Mike Vorhaus
For Jim Iurio
Iuorio has long calls in VXX
For Rob Enderle
HPQ is a client of Enderle Group
For Jeff Saut
Raymond James is market maker of LINE
CNBC.com with wires.