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Will market ignore Congress ‘crying wolf’?

Market to ignore Congress 'crying wolf': Pro
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Market to ignore Congress 'crying wolf': Pro

The stock market won't overreact to the potential federal government shutdown, Karen Finerman of Metropolitan Capital Advisors said Monday.

"I think that these Congressional acts are sort of crying wolf, and the market's not going to respond too much," she said.

On CNBC's "Fast Money," Finerman said that she liked one financial name in particular.

"I hope we see an opportunity in Citibank. Maybe it'll trade below $48," she said. "I'm long already, but I'd love to add some more there. But I think the market is getting inured to these sort of crises with Congress."

(Read more: Government shutdown 'buy' list: Strategist)

OptionMonster's Pete Najarian said that the CBOE Volatility Index could revisit June levels after recently climbing over 17.

"If the government does shut down ... we will see that spike, in my opinion," he said.

Najarian said that he loved financial names such as JPMorgan and Wells Fargo.

Your best 'shutdown trades'
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Your best 'shutdown trades'

(Read more: 'Significant shakeout' likely for stock market)

"I'd love to see people come in and start selling those financials because I think those are the best opportunity," he said.

EmergingMoney.com's Tim Seymour said that the market had positioned for the potential that Congress would fail to pass a funding bill.

"I think a lot of people going into this event felt no reason to be out over their skis, which they may have been two weeks ago after the Fed, when there was no reason not to put the pedal to the metal," he said.

(Read more: 'I would rather buy tomorrow': Paul Richards)

Seymour also noted that consumer staples sold off, largely based on valuations into earnings season, preferring commodities and stocks with interesting valuations.

, he added, was up 3½ percent recently.

"Nothing happened to global growth tonight, or will happen tonight," he said. "And this is a trade I've been in, a trade I'd stay in."

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

Trader disclosure: On Sept. 30, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AAPL; Pete Najarian is long calls C; Pete Najarian is long calls JPM; Pete Najarian is long calls WFC; Pete Najarian is long calls INTC; Pete Najarian is long calls YHOO; Pete Najarian is long FB; Pete Najarian is long SBUX; Pete Najarian is long MSFT; Pete Najarian is long BMY; Pete Najarian is long PFC; Pete Najarian is long MRK; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is long GM; Karen Finerman is short CVS; Karen Finerman is long FL; Karen Finerman is long KFC; Karen Finerman is short SPY; Karen Finerman is long SPY puts; Karen Finerman is short MDY; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long F; As of 9/27 Steve Grasso is long MSFT; Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long HPQ; Steve Grasso is long MHY; Steve Grasso is long LNG; Steve Grasso is long MJNA; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long QCOM; Steve Grasso is long S; Steve Grasso is long ASTM; Steve Grasso is long POT; Steve Grasso is long DECK; Steve Grasso is long DHI; Steve Grasso is long EEM; Steve Grasso is long TSLA.