Updated from 7:04 a.m. EDT

Enough with the emotional opening rant. Stocks are dirt cheap, and I am soon expecting a "rip-your-face-off" rally. Remember, the stocks that have been beaten down the most tend to snapback the hardest.

This week's

Rocket Stocks portfolio

includes such names as

CIT Group

(JNPR) - Get Report


XL Capital




(FCX) - Get Report


To read more,

visit Stockpickr.com


At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of


LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the

Financial Times

and the author of

Trade Like a Hedge Fund


Trade Like Warren Buffett



. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

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