The market has been in an irritable mood. If earnings and guidance are good, and there are no reasons to sell, then things should work out OK.

The forecast from S&P is near 18 percent growth in earnings in 1997 over 1996,

The hope is on the consumer to spend, to pull us out. If the consumer doesn't do that, then who?

The market does not seem to be worried about the long-term effects of the hurricane. It seems that we're seeing again today that the market really wants to move higher.

If you were to buy those industries that in the prior 12 months had beaten the S&P 500, if you had purchased those, held them for another 12 months, you indeed over the past 10 years would have beaten the market seven of those 10 times.

Investors are going to look at whatever economic numbers come out and say is this additional fuel for the Fed to lower rates in March. Earnings are going to continue to come out and they're likely to be negative so you're going to have earnings weighing on the market.

In this cyclical bull market that's been in place since October 2002, we haven't had a big pullback.

Increased volatility can certainly cause increase tension, but that's not a reason to step out. It is certainly white-knuckle time, but that does not necessarily mean the good run has ended.

In general, we are seeing things that look a lot better.

The feeling is the worst is probably over for tech,