The bottom line is clearly the Fed has dashed the hopes of a hiatus after this January increase.

Any (profit) short-fall in that growth rate at 110 times earnings means there's some risk in these stocks.

A demon in the market decided to punish us on the last session of the year.

Technology needs to be the leader on the way up, because it was the leader on the way down. Even though the earnings reports are miserable, there's a light at the end of the tunnel. That's what investors are looking at right now.

the ten-year Treasury note yield is again moving higher and the price of oil is hitting up against record highs, all of which create obstacles for higher stock prices.

The surprising improvements in the latest employment, manufacturing and durable goods data Wednesday, all leading indicators, put the ingredients in place for the market to maintain an upward bias.

The smartest thing a company can do is take anything that they think might be questionable and disclose it now,

These companies are actually growing, ... The whole group is growing somewhere between 10 and 13 percent relative earnings growth and the price-earnings ratios are about 13 to 14 times. It's one of the few groups out there that are actually selling at their growth rate in terms of price-earnings ratio. And, right now, it's strange -- people don't like the group. It isn't a hot group.

These companies are boxed in by poor past forecasts and lack of visibility.

The rocky road to recovery has some potholes.