The traders of CNBC's "Fast Money" are worried about President Obama's attempts to clamp down on Wall Street. Standard & Poor's has already cut its ratings on 18 banks due to the concern over increased regulation from the Obama administration. Guy Adami thinks that many market players have become complacent and that the coming regulation isn't priced into the market. He feels the path of least resistance is down for stocks.
Tim Seymour is very concerned about the return of the Glass-Steagall Act that was repealed in 1999 and about what it could do to profitability of insurance companies if the act were reenacted. Joe Terranova isn't concerned about possible regulatory changes from Obama, but he is worried about the growing deficit and the increased likelihood that the move could create a double-dip recession.
Money will still be made under a new regulatory environment on Wall Street. Adami thinks you can trade the Obama regulations by shorting
. Investors might also want to get long
, according to Jared Levy of Peak 6. He said these firms will benefit from Obama's move to make credit default swaps and other derivatives products more transparent. These aren't the only opportunities the crew is discovering in this turbulent market.
The panel recently highlighted trading ideas that play off the aerospace sector, health care stocks and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
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