The bull run was instant from the open as ratings for Aloca (AA) and Intel (INTC) were both upgraded which lead to a nice run up for the boards. In addition, healthcare stocks moved upwards after a key vote in Senate. Potash which has come off deep lows earlier this year also got a boost when Goldman Sachs upgraded their outlook on the company. Lots of good news came and hopefully will push December into a healthy close for the calender year.

Here is the market summary for Monday:

Looking at Tuesday:
Existing Home Sales comes out for November and the forecast is for a lighter number than the prior month. We have seen a surprise in the past so there is always hope that the estimates are lower.

News:
McColl, BofA vets want to buy banks

Ford offers buyout to all hourly workers

Sanofi-Aventis to Buy Chattem for About $1.9 Billion

Twitter Is Said to Be Profitable After Making Search Agreements

Its been a slow time on the markets for me, mainly because my large holdings are still performing upwards. A stock that I was heavy on holding was (OCNF) which was up about 15% before coming all the way down. Am I worried? In the short term, no. My holding is small and the upside potential is still there. But largely, this year has been a significantly profitable one thanks to the huge market rally earlier this year.

I hope you all have similar experiences for 2009.

Happy Investing!

Aman, MBA

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  3. Fed Comments Boost Markets Wednesday