'Fast Money' Recap: Fourth-Quarter Game Plans
On CNBC's "Fast Money" TV show, the traders were taking a look at their fourth-quarter game plans. Guy Adami said the S&P 500 still seems like it will trade down to 1,670, which will be an important level to hold.
Brian Kelly said when the market is at nearly 1,670, traders should start buying equities. He added that gold should do very well in the fourth quarter.
Tim Seymour said the economic data seem pretty good and investors should stick with stocks that will benefit from a recovering global economy and also invest in commodities.
Steve Grasso said that momentum names, including Tesla Motors
Seymour doesn't think there will be a 5% correction in the broader markets for the rest of 2013.
Adami said gold should move higher because of the continued easing from central banks.
Kelly likes United States Natural Gas ETF
Tesla Motors jumped 4% this week. Grasso said traders should continue to stay long.
Seymour said investors should be cautious regarding the "halo effect" around the Chinese Internet. Specifically, he mentioned Yahoo!
Adami said he is not expecting anything good from International Business Machine