Into The Unknown

Are we going into a recession? How bad is the housing market? You know what? Who cares! Here’s how the traders are playing the uncertainty.

Dylan Ratigan explains there are 3 major unknowns vexing the stock market right now. They are the US economy, the housing market, and the credit crunch. How do you trade that, he asks.

Pete Najarian recommends taking a closer look at China, India, Brazil and South America for explosive growth. He thinks Companhia Vale do Rio Doce (RIO), BHP Billiton (BHP) and Manitowak (MTW) all have more upside.

Guy Adami feels PC demand will remain constant worldwide and likes Dell (DELL) for sales in China. Adami also likes Potash (POT) and Agrium (AGU) as plays on agriculture.

Jeff Macke recommends sticking with investments that have already been working. He likes McDonald’s (MCD), Hewlett Packard (HPQ) and Intel (INTC).

Karen Finerman prefers companies with safe balance sheets and multinational exposure. She recommends Kraft (KFT), Estee Lauder (EL), and Johnson & Johnson (JNJ). She adds always own puts as a hedge.

In conclusion, Ratigan says by the end of 2007 investors will know a lot more because of -- 3 jobs reports, 2008 earnings guidance, 2 Fed meetings and Holiday sales.

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Trader disclosure: On Sept. 28, 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 (JWN), (INTC), (EMC); Najarian Owns (KSS); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (KALU), Finerman's Firm Owns (JNJ), (KFT), (TGT), (WMT), (NMX), (NDAQ), (COP); Finerman's Firm Owns Daimler Chrysler; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts