For a long time the psychology was to buy on the dips and I think the psychology has changed, and it changed in early March. And what's happened is we now see people selling into the rallies rather than buying on the dips.

There was a lot of price action last week, which is often associated in retrospect with a cathartic washout. We've gone through the negative pre-announcement of earnings disappointments and now the remaining companies are beginning to report as good as expected, or better-than-expected numbers. And there's this growing sense that the end of the world may not be coming after all.

If health care is important, then distributors are important. Drug store chains are important.

We are seeing a rotation back into some of the real companies, if you will.

Any man who selects a goal in life which can be fully acheived has already defined his own limitations.

If you don't think every day is a good day, just try missing one.