no, its because the funds are loading up realizing that a .2% rise in unemployment isn't as big of a deal as the doom and gloom media would have you beleive.
the market are so cheap. Goog PE of 17, AAPL PE of 15, Rimm PE of 13, EWZ PE of 10. all these quality stocks getting sold off for no reason. Obviously the market is going to correct itself and go higher.
looking at the volume, these is def. much more potential for upside. Just think how much the market would be up if the numbers were only 350,000. probably 600 points.