First is oil. As oil goes up to the high $40s, you can get a lot of money flooding back to this area, especially because the lead story in the business section of The New York Times is "Wondering if Crude Could Fall Even More." When you layer on the incredibly bullish conference run by Chevron (CVX), with its massive replenishment call of 148%, people are extrapolating the commodity prices and CVX.

That's a big deal. It also spread to infrastructure, where we are getting an increased likelihood that big projects that have threatened to be held could get back on track. Foster Wheeler (FWLT) is the prime example of deals on hold killing a stock. It can go higher with the rest of them.

Next is tech: Last night, Texas Instruments (TXN) had some positive things to say about the inventories being low and some improvement in 3G demand.

That's easily extrapolated to just about every semi and handheld business from Research In Motion (RIMM) to Analog Devices (ADI) to Apple (AAPL) and Skyworks Solutions (SWKS).

That's easily extrapolated to just about every semi and handheld business from Research In Motion (RIMM) to Analog Devices (ADI) to Apple (AAPL) and Skyworks Solutions (SWKS).

That's easily extrapolated to just about every semi and handheld business from Research In Motion (RIMM) to Analog Devices (ADI) to Apple (AAPL) and Skyworks Solutions (SWKS).

That's easily extrapolated to just about every semi and handheld business from Research In Motion (RIMM) to Analog Devices (ADI) to Apple (AAPL) and Skyworks Solutions (SWKS).

Finally, there are the banks. First, Bernanke's ready to show forbearance on the banks by going "mark-to-market lite," meaning that there should be an adjustment in valuation against the lowest common denominator of real estate. That moves every financial and the faux financials like General Electric (GE). They are all battling strict mark-to-market, and if we got mark-to-market lite and forbearance, then the stocks are incredibly cheap and ready to roll.