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ETFs: Playing the Global Credit Crisis From Your Couch

Want to profit from the debt scare in Greece that's shaking the market? You don't need to be a hedge fund manager to make some Fast Money, there are plenty of ways to play it through ETFs, and nobody knows the game better than Tom Lydon, President of Global Trends Investments.

He's running through four ETFs and giving his take on whether you can use them to your advantage.

PowerShares U.S. Dollar Bull, which is a long dollar play: Lydon points out that it has just broken above its 200 day moving average, more money is flowing in and you can't fight the trend, he says. He thinks it's going higher.

PowerShares U.S. Dollar Bear, which is a short dollar play: There was increased volume in this ETF as well, but he thinks shorting the dollar right now is simply not the place to be.

CurrencyShares Euro Trust, which is a long Euro play: We're going to see problems with the Euro and will probably see a stronger dollar moving forward.

iShares iBoxx High Yeild Corp. Bond Fund, which deals with corporate bonds: Lydon thinks this ETF is "great" as it allows you to play junk bonds at high yields around 9.5%.

For his full analysis, check out the video!



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Trader disclosure: On February 10th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (AAPL) Call Spread; Najarian Owns (BP), Is Short (BP) Calls; Najarian Owns (DIS), Is Short (DIS) Calls; Najarian Owns (JNJ); Najarian Owns (MS), Is Short (MS) Calls
Najarian Owns (PFE); Najarian Owns (XLF) Calls; Najarian Owns (HIG) Calls

Seymour Owns (AAPL)
Seymour Owns (BAC)
Seymour Owns (F)
Seymour Owns (FCX)
Seygem Asset Management Is Short (VALE)
Seymour Owns (X)
Seymour Owns (EMB)
Seymour Owns (MSFT)
Seymour Owns (VIP)

Terranova Owns (BAC); Terranova Owns (JPM); Terranova Owns (OIH); Terranova Owns (DELL); Terranova Owns (MSFT); Terranova Owns (EMC); Terranova Owns (AAPL); Terranova Owns (GOOG)

Terranova Works For (VRTS)

Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.

Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

Grasso Owns (ABK); Grasso Owns (AAPL); Grasso Owns (ASTM); Grasso Owns (BAC); Grasso Owns (BGP); Grasso Owns (C); Grasso Owns (COST); Grasso Owns (CSCO); Grasso Owns (FAZ); Grasso Owns (PFE); Grasso Owns (PRST); Grasso Owns (WMT); Grasso Owns (V)

Stuart Frankel & Co. Inc. And Its Partners Own (ABX)
Stuart Frankel & Co. Inc. And Its Partners Own (CUBA)
Stuart Frankel & Co. Inc. And Its Partners Own (GERN)
Stuart Frankel & Co. Inc. And Its Partners Own (GLG)
Stuart Frankel & Co. Inc. And Its Partners Own (HSPO)
Stuart Frankel & Co. Inc. And Its Partners Own (NWS.A)
Stuart Frankel & Co. Inc. And Its Partners Own (NXST)
Stuart Frankel & Co. Inc. And Its Partners Own (NYX)
Stuart Frankel & Co. Inc. And Its Partners Own (PDE)
Stuart Frankel & Co. Inc. And Its Partners Own (PRST)
Stuart Frankel & Co. Inc. And Its Partners Own (RDC)
Stuart Frankel & Co. Inc. And Its Partners Own (ROK)
Stuart Frankel & Co. Inc. And Its Partners Own (TLM)
Stuart Frankel & Co. Inc. And Its Partners Own (TOL)
Stuart Frankel & Co. Inc. And Its Partners Own (XRX)

Stuart Frankel & Co. Inc. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc. And Its Partners Are Short (CL)

DENNIS GARTMAN

Funds Managed By Gartman Are Long Canadian Dollars, Australian Dollars
Funds Managed By Gartman Are Short British Pound Sterling, Euro
Funds Managed By Gartman Own (KBE)
Funds Managed By Gartman Are Short (XLF)
Funds Managed By Gartman Own (WMT)
Funds Managed By Gartman Own (FDO)
Funds Managed By Gartman Are Short (RL)
Funds Managed By Gartman Are Short (SPG)

TODD GORDON

Gordon Is Short Australian Dollar

TOM LYDON

Lydon Is A Board Member Of Rydex/SGI