Every piece of bad news that comes out in the market ... is ignored, ... looking forward to 2002, in the second-half, when a recovery is going to be in effect.

You're getting a lot of positive sentiment in the market and a lot of rotational shifting toward growth. It doesn't say that earnings are going to be better but it does lead one to believe that a lot of the bad news may already be built in.

There are certainly negatives out there, ... But the psychology has changed and the bad news isn't having as big an effect on the broader market.

I believe that the future of McDonald's is going to be their international growth. Let's not forget what President Bush is trying to do in Russia. Russia eventually is going to have to be our friend versus all this nonsense terrorism that's going on in the world, ... So, does the overseas market concern me? It doesn't because they are looking to marginalize that growth of 1-to-2 percent and diversify at the same time. I think the bad things are behind it and I like the stock.