Seymour explains that stocks all around the world moved higher after The Fed cut rates. However, he cautions investors not to rush into emerging markets now, because there’s already been a big run. For an infrastructure play, he recommends Tenaris (TS) rumored to be in a deal.
For liquidity Tim likes Russia. However, Russia is a difficult market to get into and consequently Tim recommends cellular companies Vimpel-Communications (VIP) and Mobile Telesystems (MBT) as well as steel producer Mechel OAO (MTL) as his Russia plays.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On Sept. 19, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SWY); Najarian Is Short (ETFC); Najarian Owns (GS) Options; Finerman's Firm Owns (BWS), (COP), (GCO), (NMX), (LTD); Finerman's Firm Owns S&P 500 Puts And Calls; Finerman's Firm Owns Russell 2000 Puts
Seymour Owns (TS), (GFA)