..A November to remember....

..or more like a month to forget!. Forgetting is good, but we all should take a lesson or three out of it and use them to become better traders/investors in the future. On this last day of trading in November, we have some bullish action to lead us into December.  Yesterday's action was quite surprising after two days of big gains on the indices.  Not only did we have back to back huge bull days, but yesterday the market showed great determination and grit in fighting off any profit taking finishing slightly in the green.  It is doubtful many expected so little volatility, mostly the Bears who already started yelling the day before that the 'fix' is in to have a rally into the end of the year. The action was very encouraging if not affirming the belief we can rally in December...well, that is if no huge headlines come from the financials.  Maybe the big boys pack have a secret handshake in play and will save any more bad news till early 2008.  Let's hope!.  The other day we had hints of another interest rate hike, now comes one from the man himself.... Lets go for Day 4!..lol

Bernanke hints of further rate cuts - AP

AP reports Fed Chairman Ben Bernanke on Thursday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some "headwinds for the consumer in the months ahead," he said. Bernanke said he expects consumer spending will continue to grow and suggested the country can withstand the current problems without falling into a recession. But he indicated that consumers could turn more cautious as they try to cope with all the stresses. The odds have grown that the country could enter a recession. A sharp cutback in consumer spending could send the economy into a tailspin. Against this backdrop, Fed policymakers will need to be "exceptionally alert and flexible," Bernanke said. That comment probably will be viewed as a sign the Fed may lower interest rates when it meets on Dec. 11. The economic outlook has been "importantly affected over the past month by renewed turbulence in financial markets, which has partially reversed the improvement that occurred in September and October," Bernanke said. "These developments have resulted in a further tightening in financial conditions, which has the potential to impose additional restraint on activity in housing markets and in other credit-sensitive sectors," he said. In his remarks, Bernanke said rising gasoline and heating oil prices as well as higher food costs have the potential to raise inflation. He said that is something the Fed also is watching.

As far as individual stock plays, the list from yesterday's Journal should be quite sufficient into todays trading.  Nothing has really changed except some names had big days, most notably a few of the Solars here... and the idea of watching DJIM China names for a new opportunity might have paid off for a few of you already if you entered early yesterday.

Still, We don't see a reason, especially after yesterday action in these names that momentum money going into the solars and back into the shippers won't spread to this beaten up bunch.