The futures are looking very strong and European and Asian markets are having a banner day. Geithner and his G20 pals have chosen today to say some things about stimulus and financials that are stock market friendly. I personally liked hearing that both Obama and the Chinese Paramount Leader Hu Jintao were not talking about protectionism or replacing the dollar in their first-ever meeting yesterday.
FASB is finally going to vote on easing mark to market, and they're doing it retroactive to last quarter. This is not yet priced in to the financials imo.
March U.S. auto sales surprised to the upside and are going to have the second derivative monkeys jumping up and down. Going from down x% y/y to down (x-1)% y/y does not make for good headlines but is a necessary condition for turning things around.
Oil just flipped back to trading like a proxy for the next 12 months' global ecomony and is up almost 5% premrket as I write this.
My wife asked me last evening if the market had bottomed. I don't remember what we were doing at the time or why she asked but it was an interesting question coming from a person who is the ultimate buy and hold and forget about it type.