After a couple of bearish days, the bulls regained their footing in the shortened trading week. There was plenty of action off the trading floor as well, with a major decision by the Federal Accounting Standards Board, a heartening merger in the housing industry, and some impressive earnings projections from Wells Fargo.
Brent Wilsey is one of countless market-watchers who expect the earnings season to be a rough one, but the president of Wilsey Asset Management is not one to overlook the price tags on the stocks of the companies involved. "Stocks are beaten down way more than they should be," he told CNBC. "This is a great opportunity to be buying these companies at these prices."
The Dow Jones Industrial Average finally closed below its November 21 closing low, and is now at the lowest level since 2002. The S&P and the NASDAQ have not broken the November lows.
Futures are trading up as Europe is up on an oversold rally.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Crude oil contracts for December delivery rallied $6.62 per barrel, up 10.36% for the day, marking the fourth largest dollar move ever.
The Lightning Round is extended in this CNBC.com exclusive feature.
Cramer makes the call on viewers' favorite stocks.
The week began with a flashback to the credit crisis. It ended with figures showing the fastest inflation in six months and the lowest consumer-sentiment reading in 28 years. Along the way, as the stock market ebbed and flowed, CNBC guests assembled a collective portfolio that was heavy on technology, energy, and global exposure.
With the markets selling off again today, CNBC asked the experts for their best investment ideas now.
Traders of late have tied many investment decisions to the price of oil. Jerry Castellini says it's time to stop worrying about oil prices -- and start buying oil and gas stocks.
1) UBS is pounding the table on oil: It upgraded oil to $115 for 2008, $120 for 2009, and intitiates coverage of the offshore drilling sector, with buy ratings on Atwood, Diamond Offshore, Ensco, Noble, Rowan, and Transocean. Here are the reasons...
The Dow, S&P and Nasdaq are just points away from breaking their monthly losing streaks at 4 straight months of losses. Here's what they would need to rally today to have their first positive month since October:
Cramer answers your e-mails on silicon, oil rigs and what to do with Taser.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.