Updated from 7:06 a.m. EDT
Another huge reversal. And this was in spite of
tanking on speculation that its days were numbered.
Investors started scooping up stocks that were severely beaten down over the last few days. Tech heavyweights such as
Research In Motion
all soared. It also helped that crude oil fell to nearly $100 per barrel.
Despite the strong close, we still have uncertainty surrounding the financials as well as weak economic readings.
But there are a lot of cheap opportunities out there.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Deere for his Action Alerts PLUS charitable trust.)
Stockpickr is a wholly owned subsidiary of TheStreet.com.