Companies are going to deliver good numbers. Aside from the usual company-specific disappointments, we are going to get further confirmation that things are moving in the right direction.

There's a misconception about growth stocks. A lot of companies that have traditionally been classed as growth simply aren't growing any more. You have to look beyond the label.

And we don't see that the industrialization of China is about to slow anytime soon.

We're very pleased they have been so rapid in their integration and that they have turned around brands. That really shows they have excellent management.

We don't see that the industrialization of China is about to slow anytime soon. Even coal as a commodity is starting to become interesting again. So BHP has another leg in the market.

Fannie Mae is a different company than a year ago. We have been humbled, even embarrassed. Despite the changes and progress we have begun to make, we also recognize that we have much, much more to do.