Give Thanks For – Low Gas Prices


America will try to eat their problems away this Thursday but all the stuffing, cranberry sauce and pumpkin pie you can gobble up will only add to the indigestion you already have from the falling indexes.

We're smack in the middle of the third-worst bear market in history. It's shaping up to be the S&P 500's worst year since 1930. And almost every mutual fund tracked by Morningstar has been clobbered by this relentless selling.

But Fast Money wants to remind you there is still a lot to be thankful for.

You’ve got family, friends and…lower gas prices!

With the average price at the pump totaling $1.93 per gallon, Thursday's drive to the in-laws will cost half as much as the trip to the 4th of July barbecue.

The savings at the pump may give a much-needed boost to holiday spending currently expected to be the lightest in decades.

So even as the market's tanking - this year, remember. To give thanks - for your cheap tank.

Of course this wouldn't be Fast Money without a trade. But what?

Karen Finerman tells the gang, “I’m long oil services stocks such as Transocean and short the USO against it.”

In the past Finerman has explained that many oil services companies have contracts going years out and unless something catastrophic happens, she expects the demand for oil will ultimately increase.

Seems like as good a Thanksgiving trade as any!

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Trader disclosure: On Nov. 26, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (NUE), (MSFT); Macke Owns (UUP), (MSFT), (WMT), (GM); Macke Is Short (TM); Finerman's Firm Owns (DSX), (RIG), (MSFT); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (GNK), (EXM), (BBT), (COF), (USO); Terranova Owns (DIS), (XOM), (GIS)

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CLB), (DLR), (EPR), (EXR), (MAC), (SLB), (SKT), (UA), (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.; Virtus Investment Partners Owns More Than 1% Of Shares Of Corporate Office Properties Trust SBI MD

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