Gentle Ben to the rescue!

Stocks bounced back strongly today after Federal Reserve Chairman "Gentle Ben" Bernanke calmed investors by downplaying any notion of nationalizing major banks.

Come to think of it... where has he BEEN lately? Kinda wish he had said something like that a tad sooner.

Anyway, financials led the market's strong rebound today from another shellacking during the prior session, which had stocks nearing 12-year lows.

And today's market action... with its strength and volume... marks the first day of a rally attempt. As I said yesterday, the market "owes" us at least a relief rally. We may have seen that today. But with the market so absurdly oversold short term, this could be a highly-profitable, playable rally. We'll see.

The DJIA was up a nice 236.16 points, or 3.32%, while the Nasdaq did even better percentage-wise, up 54.11 points, or almost 4%.

That's more like it!

Anyway, I've found a nice ARM Play variation on a small drug stock this evening. It recently doubled in five days before pulling back. But it's starting to move up strongly again. I'll name it for my Premium Members.