Higher oil prices continue to pose threats to the stock market. Weaker consumer sentiment raises concern about a slowdown in the U.S. economy.

A weaker local currency and lower oil ease concern about earnings at exporters.

The high oil price can't be ignored and it is starting to have a negative impact on consumption in the U.S.. Oil will remain the biggest risk for the stock market.

Samsung can continue to generate profit growth and earnings this quarter will be positive. The outlook this year is favorable.

I continue to believe that the effects of higher gas prices on the consumer are overestimated. Most of the important measures of discretionary spending such as furniture, lawn and garden and food sales held up nicely.

Brokerage firms will benefit from the regulatory changes as they sell more diversified products.