Yeah right. But I am glad I have been leaning long into this noise.

Lot of good news hitting the wire today...

Bush inks the new housing bill, which provides a new line of credit to FNM and FRE, increases their loan limits, and allows struggling homeowners to refinance bad loans through the FHA. Shares of FNM and FRE are trading 7-8% higher.

Todays ADP index suggests a rise in employment today (9k jobs added), versus an expected loss of 55k.

The SEC extends its emergency order on short selling certain financials, and FNM/FRE for another couple weeks.

Crude oil is now in the $121 range, gold prices are getting hammered, and the dollar is on fire.

Strong earnings reported this morning.

It looks like this second leg of this buying rally might have some legs.

From the watchlist....

ESRX, APWR, PKX, ROST, GHM, ALXN, CEPH, COV, and OLN are trading well into this rally...

While DECK, LEH, GME, and THQI are holding their ground.