Emerging Market As Safe Haven


Emerging market stocks held strong Tuesday as U.S. shares were hammered. For example, Petrobras (PBR) and Tele Norte Leste (TNE) both surged Tuesday explains Dylan Ratigan.

Also, iShares MSCI Taiwan Index (EWT) as well as iShares FTSE/Xinhua China 25 Index (FXI) have performed well, recently.

Should investors play EM as a safe haven?

Countries that have lower interest rates and higher growth can be attractive, says Tim Seymour. I’m talking about China, Russia, Malaysia Taiwan and Chile among others. All of them are currently outperforming. And, they are better insulated because they have strong domestic growth.

Personally, I like media stocks such as Net Servicos de Comunicacao (NETC),Central European Media Enterprises (CETV) and CTC Media (CTCM) because they are direct plays on these domestic economies.

Or you could look at China Mobile (CHL) with a stop out at $80 adds Guy Adami.


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Trader disclosure: On Jan 8, 2008, 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 (YHOO), (SWY), (INTC); Najarian Owns (BIIB), (MCD), (MSFT); Najarian Owns (AAPL) Options, (CFC) Options, (VLO) Options, (YHOO) Options; Najarian Is Short (WM) Through Options; Finerman's Firm Owns (CROX), (DVA), (GS), (YHOO), (DSW); Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (SPG), (TCO); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options; Seygem Asset Management Owns (NETC), (CTCM)