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.
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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)