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Web Extra: Is Spain The Next Greece?

It hasn't been a great January for the euro ; it sold off to its lowest level in over a month on concerns that Spain may be heading down the same road as Greece.

What should you make of these developments. Find out from Brian Kelly in this web extra. Watch the video now!

This content is only available online - you won't find these trades on TV.




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Trader disclosure: On January 7th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AA); Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (DRYS); Seymour owns (F); Seymour owns (FXI); Seymour is short (MOS); Seymour is short (POT);
Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami's wife works at (MRK); Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (LTD); Terranova owns (GLD) puts; Terranova owns (SLV) puts; Terranova owns (FCX) puts

For Brian Kelly
Accounts Managed by Kanundrum Capital Own (DRYS)
Accounts Managed by Kanundrum Capital Own (FCX)
Accounts Managed by Kanundrum Capital Own (GLD)
Accounts Managed by Kanundrum Capital Own (MCP)
Accounts Managed by Kanundrum Capital Are Long USD
Accounts Managed by Kanundrum Capital Own (TBT)
Accounts Managed by Kanundrum Capital Are Short The Euro
Accounts Managed by Kanundrum Capital Are Short The Yen
Accounts Managed by Kanundrum Capital Are Short (XLF)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)

For Simon Baker
Baker And Baker Avenue Asset Management Own (AAPL)
Baker And Baker Avenue Asset Management Own (C)
Baker And Baker Avenue Asset Management Own (FCX)
Baker And Baker Avenue Asset Management Own (FFIV)
Baker And Baker Avenue Asset Management Own (GDXJ)
Baker And Baker Avenue Asset Management Own (GLD)
Baker And Baker Avenue Asset Management Own (IBM)
Baker And Baker Avenue Asset Management Own (ILMN)
Baker And Baker Avenue Asset Management Own (IWM)
Baker And Baker Avenue Asset Management Own (SNDK)
Baker And Baker Avenue Asset Management Own (SLV)

For Dennis Gartman
Funds managed by Dennis Gartman are long the Canadian Dollar
Funds managed by Dennis Gartman are short Yen
Funds managed by Dennis Gartman are long gold
Funds managed by Dennis Gartman are long Silver
Funds managed by Dennis Gartman are short Sterling
Funds managed by Dennis Gartman are long March KC Wheat
Funds Managed by Dennis Gartman are long Soybeans
Funds managed by Dennis Gartman are short Euro

Dennis Gartman SOT
Funds Managed by Dennis Gartman were long Gold on 1/4/2011

For Louis Navellier
Navellier Owns (BWA), (ILMN), (FFIV) In Managed Accounts
Funds Managed By Navellier Own (BWA), (ILMN), (FFIV)
Navellier Invests In His Funds

For Zachary Karabell
Karabell owns (AAPL)
Karabell owns (COH)
River Twice Capital owns (IBM)

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