Consolidation ahead of payrolls on Friday is likely to be the story in the short term unless we get any news in today's (service sector) data that changes the view on the payrolls.

This is really just some short-term consolidation. We are inside of yesterday's range.

You will make better decisions once you begin thinking long-term rather than short-term.

We saw consolidation of the gains in the Canadian dollar from last Friday.

Looking ahead, the CEOs are cautiously optimistic but not as optimistic about the short-term outlook as they were at the end of 2004.

When everyone is running the machine, and it's all working, there's a tendency to look at the short term and focus on incremental opportunities and not look ahead to the really big opportunities.