We still keep seeing better-than-expected earnings. The important part of it to me for the market is that these are core companies and industries.
We still keep seeing better-than-expected earnings. That gives me encouragement about our economy.
When interest rates go up, the utilities don't do so well, and I think there's a developing consensus that they've gone awfully far.
There's concern about the ramifications of the Delphi bankruptcy.
The last couple of days, most of these reports have been pretty disappointing, and I was beginning to feel that maybe the trend was not our friend.