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Pros Look at SPDR Plays Heading Into 2012
CNBC.com | December 30, 2011 | 02:53 PM EST

Utilities outperformed all other sectors in the SPDR space, but the “Fast Money” traders said 2012 looks to perform differently.

Investment pro Jon Najarian of OptionMonster.com said Friday that the utilities SPDR’s best days might be behind it. XLU, the utilities SPDR, was up 15 percent year to date.

Najarian attributing much of that to lower fuel prices.

“The cost of making electricity for folks down dramatically these year because of those big drops,” he said. “I think that reverses in 2012.”

Shorthand for “Standard & Poor's depositary receipt,” SPDR exchange-traded funds track nine sectors in the S&P 500.

Gina Sanchez , director of equity and asset allocation strategy for Roubini Global Economics, said she wasn’t a buyer, but not because she saw higher commodities prices next year.

“We think that it’s going to be a volatile year next year, and we want to stay defensive,” she said.

In addition to all the talk about Europe, China looks to become a big factor next year, as does the U.S. political landscape, she added.

“There’s definitely a lot of fear there, and we actually don’t think that fear is going away,” Sanchez said.

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