Battered Stocks Explode Higher

The headline index numbers are actually hiding some monster moves in the beaten down sectors. Financials are obvious: Goldman (GS), Morgan Stanley (MS) and Merrill (MER) are each up over 25%.

The shipper are staging a similar bounce — DryShips (DRYS) is spiking 38%, Eagle (EGLE) is up 13%. Solar is staging a similar rally, with SunPower (SPWRA) up 38% and First Solar (FSLR) up 18%.

Even the homebuilders — on a day when the housing news is awful — are getting in on the fun. KB Homes (KBH) is up nearly 19%.

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