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Biggest Jump In Two Months

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On Tuesday, the Dow marked its second biggest gain this year and the NASDAQ enjoyed its best day since April of 2003. Are the bulls running again or is this just an up day in a down trend?



BIGGEST JUMP IN TWO MONTHS:

The headline:
Dow Jumps 319 points After The Worst 4 Days Since 2003. And NASDAQ Has Best Day Since April 2003.

It’s also the biggest jump since the Fed cut rates in September explains Dylan Ratigan.

Pete Najarian feels the day’s trading demonstrates how much volatility is in the market. He bought puts on the XLF in an attempt to play the momentum.

Sell the S&P rally, buy the dip exclaims Jeff Macke.

Symbol
Price
 
Change
%Change
S&P 500
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GOLDMAN LEADS BANK BOUNCE:

The headline:Goldman (GS) Leads Rally In Financials After CEO Blankfein Puts Subprime Exposure Concerns To Rest.

Guy Adami explains that Goldman Sachs soared 8% on the news.

Karen Finerman adds that GS led the entire financial space higher.

Pete Najarian feels E*Trade (ETFC) is the other side of this story. The CEO pulled out of a Merrill conference Wednesday and shares rallied after hours on speculation E*Trade could be a takeover target.

Guy Adami, Jeff Macke and Pete Najarian all add that they don’t believe the bottom is in financials, yet.

Symbol
Price
 
Change
%Change
ETFC
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GS
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NASDAQ'S BEST DAY IN 4 YEARS:

The headline:Apple (AAPL) Leads Tech Rally On Reports It Is Close To Selling iPhone In China.

Hewlett-Packard (HPQ) shares popped on Tuesday after its CEO said consolidation in tech should increase, explains Pete Najarian. However, he reminds investors that tech is still down 6% over the last 5 days.

Symbol
Price
 
Change
%Change
VOW3
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HPQ
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WAL-MART LEADS RETAIL REBOUND:

The headline:Wal-Mart (WMT) Leads Retail Rally After Earnings, Revenue Beat Street Estimates.

Wal-Mart boosted its full-year forecast, and brightened its holiday sales picture explains Karen Finerman.

Jeff Macke feels Wal-Mart used to be a great merchant, but not anymore.

Symbol
Price
 
Change
%Change
WMT
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OIL PLUNGES ALMOST 4%:

The headline: Crude Oil Near 2-Week Low After Falling 3.7% Tuesday To $91.17; Gold Drops 1.1% To Close Below $800 For 1st Time Since November 1.

Guy Adami reminds the panel that Dennis Gartman predicted these moves on Monday’s Fast Money. For investors who want to play oil, both Guy Adami and Karen Finerman recommend Tesoro (TSO).

Symbol
Price
 
Change
%Change
OIH
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ANDV
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FAST MONEY WORLD: BRAZIL:

The headline:Brazil ETF (EWZ) Jumps 9% As Global Markets Rise

Guy Adami thinks it might be time to take profits in emerging markets.

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Trader disclosure: On Nov. 13, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO); Najarian Owns (VMW), Najarian Owns (AMTD) Options, (AMZN) Options, (C) Options, (CSCO) Options, (GOOG) Options, (GS) Options, (XLF) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (AMTD), (KALU), (KSS), (TYC), (WMT), (YHOO), (LTD), (TSO); Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD); Finerman's Firm Owns (BIIB) Options, (CROX) Options, (MSFT) Options, (TGT) Options; Finerman's Firm Is Short (MER), (SPY), (IWM), (MDY), (IYR); Finerman's Firm Owns (LEH) Puts