The early equity futures are positive (Dow +32) and Nasdaq (+11.5). The technical oscillators all seem to be pointing to a recovery from last week's sell-off too. Moreover, the earnings releases out this morning from Merrill Lynch, Pfizer, Coca Cola, DR Horton, Lucent and others seem to be very positive. That follows good news Friday for GE and Citigroup.

So, today could be a good one for the bulls.

Am I buying it? Well, I prefer to first see the PPI/CPI and housing starts data. I want to see the impact on the currency and bond markets. Then I'll decide.

Over the years, I've learned to be patient at points of possible cyclic junctures.

Nonetheless, yesterday, prior to the open, in the face of an equity market waterfall, I stepped up and recommended that readers start looking for bargains, like IBM and Adobe.

Today, I'll be doing more work on the Cara Global Best 100 list, preparing to publish it. There are changes every quarter as some " not many " companies start to disappoint. These are usually easy to spot, but trying to find worthy replacements to my list is a challenge because there are so many good companies in the world.