Ease The Squeeze: The Trade


The Federal Reserve is coordinating with other central banks to ease the global credit squeeze. Is there a trade?

What the Fed did Wednesday morning by coordinating with global central banks gives the market more liquidity and more flexibility, says Tim Seymour on CNBC's "Closing Bell." I don't understand why it sold-off late afternoon.

In any event, I think the emerging market play right now is Russia, he adds, because it’s the cheapest on a valuation basis.

Seymour also likes China, Brazil and India. Brazil announced that their GDP for Q3 was 5.7% higher than expected and they’re guiding higher, he explains. Also India is projecting 9% growth next year. I think there could be an opportunity for emerging markets to outperform, but they will be vulnerable to swings.

> Read more:Trader Talk with Bob Pisani

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