Bunch-o-Folks Buyin'

• The market is surging on news that.... uh, well. Isn't it the same bunch of news we've had the past few weeks?  The market has sold off quite dramatically to lows last seen in August.  The usual scapegoats get the nod for the selloff:  dollar, subprimes, decline of the consumer, real estate recession, energy, etc.  But today, Yahoo Finance can't find a reason du jour, just that "The major indices are trading at or near their best levels of the session following an increase in buying interest..."
• Today's rally created by a bunch-o-folks interested in buying.  Er, okay.  And, let me guess, a lack-o-folks interested in selling, eh?  Well, we shall see if it holds into the clothes.
• I remain 100% long this thing.  I mentioned an idea last week about rotating into some of the higher beta names and market leaders to take advantage of the market weakness and buying opportunity.  I didn't do it, but look at 'em.
• Is PANIC In Your Plan, from Bill Rempel. 
• Barry Ritholtz notes Barron's Best of Financial Bloggery.  BR gets a nice  mention in the piece.  Barry left out a few blogs mentioned in the article that are worth checking out, including the Trading Goddess blog.  One of my favs.
• Oil dropping here.  Back down to $91ish.   We all know $100 is coming sooner or later, right?
• The TV writers go on strike, and who suffers?  The People!  24 cancelled.  Jay Leno in reruns.  I mean, c'mon.  If this goes into the 2008 election year, people are going to take their frustration out at the polls!