Tsunami In Japan? Or Is It In Google?

The market is getting a bounce in early trading, continuing the strength we saw into yesterday's close. Oil is trading slightly higher, and bond yields are also up a bit, with the 10-year yield at 4.60%.

Last night, a Japanese agency warned of a tsunami, although they called it off this morning. It is still unclear if they were talking about GOOG and the U.S. stock market...

In other news and notes:

• ILMN technology selected by Johns Hopkins Univ.
• TYC beats estimates; stock up
• 8.1 magintued earthquake hits north of Japan
• GME profiled in IBD
• Credit Suisse puts $600 tgt on GOOG
• HAL delays KNR IPO due to British security concerns
• NY State Empire Index 26.7 vs. 14.0 consensus
• DAKT beats EPS, raises guidance; stock gaps higher
• CPA beats earnings; stock up
• US Air makes a bid for Delta
• JCI expects another record year in 2007

long GOOG, ILMN