Some Surprises For '09

After a year like this, nothing should surprise us anymore. But if UBS is right we better not let our guard down. They say a few more bombshells could very well drop – but here’s the twist – not all of them are bad!

That’s right there could be some upside surprises on the horizon. Sound too good to be true? See for yourself.

Here’s what UBS tells us could be “Some Surprises for ’09”.

1) Oil prices fall below $20 per barrel.
2) The dollar falls to new lifetime lows.
3) Global growth is negative for 2009.
4) Gold goes to $300.
5) Corporate default rates don't rise significantly.

Source: UBS Investment Research

"These things may seem unlikely but this year has shown us that unlikely things can happen,” says Jeff Palma, head of global equity strategy at UBS Investment Research.”

Of course these surprises are not forecasts. They’re more like plausible “what if” situations. But, it’s worth noting last year UBS put together the same kind of list and nearly half came true.

The traders are anticipating a few surprises themselves. Here’s what they think could be on the horizon.

Dennis Gartman: The savings rate surges to 4% or even 5% as baby boomers realize they need to improve their financial situation.

Karen Finerman: There could be a monstrous homebuilder move to the upside if the stimulus works.

Tim Seymour: I think emerging markets will outperform.

Guy Adami: We still have a show after all the doom and gloom!

To hear more about surprises for ’09 please watch our interview with Jeff Palma, head of global equity strategy at UBS Investment Research.

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Trader disclosure: On Dec. 22nd, 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), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (F), (MER), (DXO); Seygem Asset Management Owns (FXI), (EEM); Finerman's Firm Owns (MSFT); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (USO); CIBC Gartman Index Owns Soybeans, Gold, Natural Gas, Australian Dollar, Canadian Debt, Canadian Dollar; CIBC Gartman Index Is Short Crude Oil; CIBC Gartman Index Is Short Euro