With little more than an hour of trading to go, the Dow is ahead more than 600 as I write this. And it seems there are only two of those 30 stocks that are down.

Now, I'm not a great Dow fan, if you think that's the one and only important market barometer.

But I'm applauding now, as the Dow sails down toward the wire and it's largest one-day point gain ever, if it closes above 500 up.

It seems to be supported by more than mere glee. There seems to be solid reasons - dropping international interest rates, banks shored up with real capital -- that could lead us to believe the market is turning. Even Alcoa is up, despite a debt downgrade.

Of course, it'll take a while to see if this is true, but for now, this is good.