'Fast Money' Recap: Dr. Doom

The stock market put in another luck luster performance on Tuesday. The Dow closed down 65 points and the Nasdaq fell 17 points. The team at CNBC's "Fast Money" talked to Marc Faber, looked at McDonalds and shopped for retail.

Dr. Doom

Marc Faber, managing director of Marc Faber Ltd and publisher of the "Gloom, Boom & Doom Report" joined the "Fast Money" crew to discuss his take on global stock markets. Faber believes the US market isn't that expensive, but it now has an earnings problem. He expects that the US market will rally into January and then selloff again.

Faber also thinks that overseas markets like China and India are in bigger bubbles and those markets could drop 20-30%. Faber went on to explain that if the US has a credit crisis, it will lead to a tightening of global liquidity, which isn't good for asset markets.

(Take a look at a portfolio based on Marc Faber on Stockpickr.comBarron's Roundtable Marc Faber.)

Mickey D's

Investors need to think like consumers to find the winning trades. Just take a look at the stock chart of McDonald'sMCD and you will find a company that understands the consumer. Jeff Macke explained that MacDonald's has mastered the concept of "consistency of service" and that experience can be seen in any of their stores. Pete Najarian mentioned that MacDonald's is clean, consistent and you know what you're going to get when you walk into any store. He went on to say that MacDonald's is saying that coffee sales could add $1 billion to the bottom line next year. All of the "Fast Money" traders think MacDonald's is a buy and Macke predicts it can double in the next few years.