"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

The stock market recouped almost 2/3rds of its losses from yesterday on news that the rescue package that failed yesterday will be approved. In a sudden twist in sentiment, the telephones of members of congress have been ringing off the hook demanding that lawmakers take action to help the economy.

In addition, the FDIC is looking to temporarily raise the insurance limits on bank deposits above the $100,000 mark. Lastly, some members of Congress want the SEC to suspend their mark to market accounting rules that are causing havoc on many balance sheets.

All of these items above lead to a better mood in the stock market today as many financial stocks gained back part of yesterday's losses.

Crude Oil jumped $4.27 per barrel closing at $100.64.

All eyes will be on Washington the next few days, and after yesterday's capitulation sell-off bargain hunters seem to be eager to buy before the votes are counted in Congress at the end of the week.

Hold on, and let's hope our lawmakers do the right thing.