A lot of the gains are due to the earnings story.
The important thing is that there will be some pressure off the bond market. It takes a bit of pressure off the Fed for the near term.
How long is the consumer able to hold up to this? If the economy slows and employment starts to whither then these concerns will start to compound. That's how a bear market will start. We're not optimistic for the second half of the year.
The market has got to find a catalyst. The only catalyst out there is earnings.
I'm saying at this point, it's going to prevent the market from going much lower.
I am not happy. I think her apology will be too little too late, and I am just not happy.
Ambassador Negroponte will not replace [Paul] Bremer. The new government in Iraq will replace Bremer. Negroponte will be our ambassador.
I am prepared to go anywhere, provided it be forward.