>So what do we make of this gigantic move in the DJ?

Personally, I feel bailed out. I bought bunch of stocks near the Feb-Mar bottom; actually missed it by couple days and felt very bad (got 10-20%+ haircut on some positions just because of 2-3 days miss). I don't see any fundamental changes in market/economy. It is a bear market rally, imho, so it could be treated as 'selling into strength' opportuntity. First quarter earnings season is 2 weeks away, and results should be dismal.