The Biggest One Day Rally since 2005

We saw the stock market have its biggest one day rally since 2005.  Lead by great earnings reports from retailers and restaurant companies coupled with a huge buyout of Alcan by mining giant Rio Tinto.

Again I reiterate that gives a great opportunity for people to take some profits and that the same time redeploying money in growth sectors that haven’t rallied so hard.

Right now I think it’s time to take some money off the table from stocks like Baidu and Research in Motion…then redeploy them in stocks like ConocoPhillips, Garmin and Monsanto.  I will give more guidance tomorrow as I am getting real sleepy right now.

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