You have to have a powerful earnings turn around this year to justify gains from current levels,
The line of least resistance is upward when you have all the liquidity in the market. But you've accomplished much of what you're going to accomplish for the year right now.
The bias at this time of year should be up and, if it's not, it will be because of Southeast Asia.
The best news is cresting right now, ... so it very well may be that we had a fabulous run in the market from March 2003 to January 2004, we've sort of marked time since then, and we'll roll over for the rest of the year until we get better visibility on 2005.