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.
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.”
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.”
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.
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
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