Daily market Comments - December 18, 2008  8:10 PM

Well, so much for the market's big move on Tuesday...

With the last two days of weak market action, Tuesday's exciting gain has been effectively wiped out. So the market obviously is not out of the woods yet.

The Dow cratered over 219 points today, and the Nasdaq almost 27. Except for a weak little bounce near the end of the day for both indexes, it was mostly all downhill, all day.

The market slide today was partly because of the 10% mini-crash in the price of crude oil, which also tanked most of the Energy stocks. A barrel of crude ended below $37, its lowest in at least four years.

But certain "Baby Biotechs" are still bouncing big time! My biotech play today was up huge at one point, and still ended the day up 15.38% on large volume. I'm going to name a bunch more "Baby Biotech" potentials below for my paying Members, and I'll name an Alternative Energy play as a Baffle.