Best Week Since March
By: 
BEST WEEK SINCE MARCH
The headline: Bernanke Says What Traders Wanted To Hear…Rebound Gains Momentum.
This week's rebound trims the worst month in years as the US stock market enjoyed it’s best 4 days since 2003, explains Dylan Ratigan. The catalyst is likely Fed Chairman Bernanke who signaled a new willingness to cut rates again in a speech Thursday night.
BELEAGUERED BANKS BOUNCE
The headline: Bank Stocks, Weighed Down By Mortgage Woes, Roar Back On Capital Injections.
Citigroup (C) received a $7.5 billion infusion of capital from Abu Dhabi while E*Trade (ETFC) accepted a $2.55B cash injection from Citadel, run by Wall Street whale, Ken Griffin's Citadel says Dylan Ratigan.
Karen Finerman recommends playing it, by going long Goldman (GS) and shorting Lehman (LEH).
WHAT'S WRONG WITH TECH?
The headline: Tech Lags Broader Market For The Week After Dell Earnings Debacle.
Google (GOOG), Research In Motion (RIMM) and Apple (AAPL) failed to participate in the market's gain Friday, says Pete Najarian. I thinks there’s currently pressure to take profits in these stocks. "Sell into the strength," he advises.
Tim Seymour also recommends getting out of some tech positions.
CRUDE CRUMBLES BELOW $90:
The headline: Oil Slides 2.5% To $88.71, Lowest Since October 24.
I still think crude has room down to the mid-80’s says Guy Adami. The play might be to buy a refiner and I think Tesoro’s (TSO) current move down was “way over done”. TSO with a 49-handle is a buy, he concludes.
> Read more “Adami’s Crude Story”
Also, Bank of America upgraded two other refiners, Valero (VLO) as well as Western Refining (WNR), adds Pete Najarian.
