'Fast Money' Recap: 2008 Outlook

Finerman worries that if Lehman Brothers Holdings(LEH Quote) comes clean and gets a capital infusion it will put cold water on her bear thesis. Macke thinks the trade is to be long financials because they always get liquidity injections. Gasparino warns that the Bear Stearns(BSC Quote) business model is in jeopardy. Najarian believes the time is now to own Morgan Stanley(MS Quote) and Goldman Sachs Group(GS Quote) because the core business is strong.

(Here's a portfolio designed to address credit worries on Stockpickr.com Credit Concern Plays.)

Dennis Gartman & the Commodity Complex

Dennis Gartman, author of The Gartman Letter, joined the "Fast Money" crew to discuss his take on the outlook for commodities in the 2008. Gartman thinks that the chances of oil hitting $100 are slim because he feels the economy is slowing. He also mentioned that he doesn't foresee the Chinese economy slowing down until we get past the Olympics.

Gartman recommended Suncor(SU Quote) and Petrobras(PBR Quote) for investors that want to play energy. He thinks the US dollar has seen the worst for the next few months and he disclosed he is long the Canadian dollar and short the Euro. Seymour feels the dollar will continue to weaken against the emerging market currencies. Gartman continues to stay bullish on the grain markets, but he does think that wheat is getting toppy. He disclosed he is long Potash(POT Quote) for a play on grains. Seymour mentioned he likes Mosaic(MOS Quote) and Potash.