Two Ways To Play: Monday's Dow Pow!
Strengthen your portfolio in good times and bad.
The Dow Jones Industrial Average added 936 points, or 11.08%, to 9387, and the S&P 500 added 104 points, or 11.58% to 1003. For the S&P, today's gain halts an eight-day losing streak which was its longest since 1996.
See Professor Bennet Sedacca's piece today, Traders' Paradise, But Investors Beware.
From the Bull Pen: The rally could play out for some time. But today's huge move could result in a pullback tomorrow. Bulls looking for a quick trade could consider starting Goldman Sachs (GS) back near $105 or $100.
From the Bear Cave: The vicious rally finally came and we've mentioned more than once that the biggest rallies have historically occurred in the context of a bear market. That said, a stock like Google (GOOG) could reach as high as $430-450, at which time bears could consider starting a downside position.
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