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When Forbes comes out with an article like this, you know that we have entered the magic hour:

Drinking The Kool-Aid

Investors clamored for shares of Countrywide Financial Friday, as the embattled mortgage lender became a perhaps surprising beacon of hope on Wall Street.

After weeks of bad news from financial players, Countrywide's $1.2 billion third-quarter loss was no surprise. However, the company expressed optimism for the future, and expects to turn a profit in the fourth quarter.

The response to Countrywide's forecast was immediate, as shares soared in morning trading. The home mortgage lender was up $1.99, or 15.2%, to $15.06.