Does the belief that the US government could relieve distress in the housing market set up a global trade?
I think steel is going to be the trade in ’08 for global growth. Supplies are low and demand is growing says Guy Adami. He recommends US Steel (X) and Nurcor (NUE).
Deere (DE) and Monsanto (MON) were both up Wednesday, explains Pete Najarian. Those stocks are also strong global growth plays.
It used to be the US sneezes the world catches cold, says Karen Finerman. But I don’t think that’s the case anymore.