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Trading Stocks with the Market in Europe’s Grip

It seems almost every market pro is focused on one thing – Europe. Following you’ll find trading themes from the Fast pros as the situation overseas develops rapidly.

Brian Kelly

BK says whatever the solution is, the EU needs more money and that increases money supply. And when money supply increases Kelly is a seller of that which is over-supplied and buyer of things that are under-supplied.

”I’d buy commodities and stocks – there’s more money out there to buy them. It’s as simple as that.”

Trading & Waiting on Europe

Joe Terranova

Joe T is bullish stocks too but for other reasons. He thinks catalysts other Europe are starting to influence trade. “It’s also about China and corporate earnings which show resiliency.”

And because of the positive economic data out of China and signs that Beijing will stop tightening, Terranova thinks the path of least resistance is higher. “Money managers are under-performing the benchmark and I expect to see them embark a chase for performance.”

Karen Finerman

As a fund manager the Chairwoman agrees that a chase for performance could well be in the cards. “As a manager I feel it – it’s hard to outperform the market when it goes straight up, as it has.

Tim Seymour

Seymour agrees that developments out of out China are bullish. However he suggests playing it long commodities or long anything that benefits when commodities go higher.

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Trader disclosure: On Oct 26, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour is long BAC; Seymour is long MSFT; Seymour is long INTC; Seymour is long NOK; Seymour is long X; Adami Owns AGU; Adami Owns C; Adami Owns GS; Adami Owns INTC; Adami Owns MSFT; Adami Owns NUE; Adami Owns BTU; Finerman owns AAPL; Finerman owns BAC; Finerman owns JPM; Finerman owns MSFT; Finerman owns GLW; Finerman owns SPY; Finerman’s firm owns AAPL short calls; Finerman’s firm owns JPM stock leaps; Finerman’s firm owns MSFT; Finerman’s firm owns IBM short calls; Finerman’s firm owns GLW; Terranova owns IBM; Terranova owns AAPL; Terranova owns AXP; Terranova owns CAT; Terranova owns F; Terranova owns GS; Terranova owns OXY; Terranova owns FCX; Terranova owns LQD; Terranova owns MUB; Stutland is long EWZ and short march calls; Stutland is long Boeing corporate bonds; Stutland is short GLD puts and long call spreads

For Brian Kelly
Shelter Harbor Capital is long SPY
Shelter Harbor Capital is long EWA
Shelter Harbor Capital is long GLD
Shelter Harbor Capital is long VLO
Shelter Harbor Capital is long TLT

For Brian Stutland
Stutland Equities is a marketmaker holding hedged positions in VIX futures and options and VXX stock options
Stutland Equities holds hedged positions in SPX futures and options and SPY stock and options

For Jonathan Chaplin
I, Jonathan Chaplin, certify that (1) the views expressed in this report accurately reflect my personal views about all of the subject companies and securities and (2) no part of my compensation was, is or will be directly or indirectly related to the specific Sprint (S) recommendations or views expressed in this report.

For Stephen Pagliuca
No disclosures

For Dave Barger
No disclosures

For Chris Tevere
No disclosures

For Dick Bove
No disclosures and wires

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