Small caps rally 1.39%; CIT, TNH and ES lead gainers

• For 2008, the Russell is down 29%, while the Dow is off 27% and the S&P 500 is down 31%.
• Within the energy arena, the Energy Select Sector SPDR Fund jumped 6.3%, mirroring a big surge in crude oil prices.
• Crude gushed 10% on talk that Saudi Arabia was slashing production.
• The greenback tumbled more than 300 basis points, or some 2.4% against the euro, triggering a buying spree in all sorts of commodity goods.
• The Commodity Research Bureau Index of 19 physical markets shot 5.3% higher today, with gains seen in everything from gold, sugar, coffee, grains, cattle and copper.

• CIT Group (NYSE:CIT) closed up 36% after closing deal to access $500M credit line.
  
• Nitrogen fertilizer producer Terra Nitrogen (NYSE:TNH) closed up 25% on Cramer recommendation.
• EnergySolutions (NYSE:ES) trading 31% higher as oil prices continue their ascent upward.
• Carrizo Oil and Gas Inc. (Nasdaq:CRZO) rallied 24% on news of a joint venture to pursue growth in Marcellus Shale.

• Animal Health International Inc. (Nasdaq:AHII) gapped lower and tumbled 57% on unusually heavy volume amid earnings news.
  
• Data company TNS, Inc. (NYSE:TNS) closed down 27% after reporting a rise in Q3 earnings, issuing Q4 guidance below Street.
• Tenet Healthcare Corporation (NYSE:THC) swings to 3Q profit on investment sales gain, shares dive 37% at closing.
• Health Net (NYSE:HNT) turns to profit in Q3, slashes FY08 EPS outlook. Shares tumble 18%.

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