Historically, you can't have an up market without banks leading the way. Today it's an earnings rally again led by the banks.

It's two outs, bottom of the ninth -- he's gotta come through. He has to come up with something definite and substantial. Anything less than that will be taken as a negative by the market.

If they are having a hard time getting paid by their customers, what does that say about the rest of the industry?

The president only has so much influence over the economy and legislation.

The market's digesting the recent gains. Investors want to see what the market's going to do. Absent of big news, I don't think the market does anything but go sideways here.

We're seeing better earnings, and that's making people more enthusiastic. But programs have been skewed to the buy side. To be honest, this is probably not sustainable.