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Trading The Globe: After Greece, Who's Next?

Sure the market shrugged off Greece for the most part, but are more serious financial woes in Europe about to surface?

That’s the chatter on Wall Street after new data showed bad loans at some of Spain's largest banks were on the rise; we're talking the biggies such as Banco Santander and BBVA .

Although their reserves are relatively high the question becomes– “can Spain withstand the impact of the increase,” writes the Wall Street Journal.

With trouble also looming in other European nations including Ireland, Italy and Portugal what must you know?

The EU is standing behind Greece and it appears there’s solidarity at least for now, says Tim Seymour. I would not think about trading from the short side.


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Trader disclosure: On March 5, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Grasso Owns (TSO), (AAPL), (ABK), (ASTM), (BA), (BAC), (BGP), (C), (COST), (CSCO), (PFE), (PRST), (V), (WMT), (FAZ); Nations Owns (MSFT), (SPY); Edwards Owns (AAPL) For Clients; Edwards Owns (GLD) For Clients; Edwards Owns (SPY) For Clients; Edwards Owns (QQQQ) For Clients; Edwards Owns (MSFT) For Clients; Edwards Owns (GOOG) For Clients; Edwards Owns (GS) For Clients ; Jon Najarian Owns (AAPL), (AAPL) Call Spreads; Jon Najarian Owns (GS), (PCX); Pete Najarian Owns (BAC) Call Spread; Pete Najarian Owns (TEX) Calls; Pete Najarian Owns (CEPH) Call Spread; Pete Najarian Owns (AKAM) Call Spread; Finerman's Firm Is Short (IJR), (MDY), (IYR), (SPY), (IWM), (UNG), (USO); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (GOOG); Finerman's Firm Owns (WFC) Preferred; Kelly Owns (ELX) Calls; Kelly Owns (AMZN) Calls; Seymour Owns (CHL), (TSO)

For Tim Seymour
Seygem Asset Management Owns (CBD)

For Brian Kelly
Kanundrum Capital Owns (C)
Kanundrum Capital Owns (JPM)
Kanundrum Capital Owns (IPI)
Kanundrum Capital Owns (POT)
Kanundrum Capital Owns (MOS)
Kanundrum Capital Owns (EZU) Puts
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short Copper
Kanundrum Capital Is Short (FCX)
Kanundrum Capital Is Short (GS)
Kanundrum Capital Is Short (JWN)
Kanundrum Capital Is Short T-Notes
Kanundrum Capital Is Short Yen
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Pound
Kanundrum Capital Is Short Swiss Franc
Kanundrum Capital Is Short (SLX)

For Doug Kass
Kass's Fund Is Short (BEN)
Kass's Fund Is Short (TROW)
Kass's Fund Is Short (AB)
Kass's Fund Is Short (JNS)

For Charles Kantor
Neuberger Berman Owns More Than 1% Of (AMT)
Neuberger Berman Owns More Than 1% Of (BIP)
Kantor Or A Family Member Owns (BIP)

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (JPM)

For Steve Grasso
Stuart Frankel & Co. Inc. And Its Partners Own (ABK)
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 (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 Own (SDS)
Stuart Frankel & Co. Inc. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc. And Its Partners Are Short (CL)




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