Fast Money's Market Bottom Trades
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Created by barrons2
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Date updated:07-16-2008

OptionMonster Jon Najarian says although we may be near capitulation we’re not there yet. He thinks the bottom will be in this market when we see at least two of the following three things.
1) Volatility Spike (30% isn't high enough)
2) Short Covering Spikes
3) Oil Declines 20% From High
Until we see a solid push lower in oil, these sell-offs mean nothing he says.

symbol name last price % change open
  • +
  • UYG
    Ultra Financials
  • $5.57
  • -8.55%
  • $5.85

When we hit the bottom, Jon Najarian suggests getting long Ultra-Long Financials ETF (UYG), General Motors (GM)and Tesoro (TSO).

People owning UYG also tend to own: ARRYAUYCLNEOSIPPDOSSPF

TheStreet.com Rating: No Rating What is this?

  • +
  • GM
    Gen Motors
  • $4.13
  • +4.82%
  • $4.01

When we hit the bottom, Jon Najarian suggests getting long Ultra-Long Financials ETF (UYG), General Motors (GM)and Tesoro (TSO).

People owning GM also tend to own: CMEICEISESAMCBATMMS

TheStreet.com Rating: E+ What is this?

  • +
  • TSO
    Tesoro Corp
  • $13.99
  • -4.83%
  • $14.39

When we hit the bottom, Jon Najarian suggests getting long Ultra-Long Financials ETF (UYG), General Motors(GM)and Tesoro (TSO).

People owning TSO also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: C- What is this?

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