Short Crushing Rally, Fed Rate Neutral, Oil Drops Hard

The stock market roared to life today in a short crushing rally on neutral interest rate Fed stance and plummeting oil prices. The DJIA exploded up +331.37 to 11615.77, the Nasdaq soared +64.27 to 2349.83 and the broad based S&P 500 advanced +35.56 to 1284.57.

Tyson Foods (TSN | Quote | Chart | News | PowerRating) climbed 7.67% or $1.15 to $16.14/share on dropping chicken feed costs.

American International Group (AIG | Quote | Chart | News | PowerRating) led the DJIA higher climbing 11.95% or $3.19 to $29.88/share after being upgraded to a "buy" by UBS due to being well suited to handle Credit Default Swap losses.

Archer Daniels Midland (ADM | Quote | Chart | News | PowerRating) fell 5.58% or $1.53 to $25.87, as the Grain processor stated 61% 4th quarter profit losses.

Castle Point (CPHL | Quote | Chart | News | PowerRating) jumped 28.60% or $2.54 to $11.42 after Tower Group announced buy out plans.

Oil fell $2.89 to $118.52/barrel, gold collapsed $26.70 to $881.20 and the VIX gave back 10.26% to 21.08.

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