I expect the story to be one of very good earnings. Things really get underway next week (week of April 17), but all signs now are pointing to a first quarter that is better than the historical average of 7 percent earnings growth.

Who says we are that good anyway? One week we're worse than dirt, and then the next week we are better than sugar.

Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.

Next week we have a raft of earnings in the tech sector, with STM, Philips and Nokia. We have got to see evidence that if the bad news is not turning into good news, then at least the bad news is slowing,

There's going to be this flip-flop next week and continually until we get through earnings season, going from earnings to worrying about the economic slowdown and what inflation brings so I think next week is going to be marked by that. We're getting to the point where the market needs good earnings. It needs to have a catalyst to get the growth sector moving again.

There's still a very exciting story to tell in Snowmass. The renaissance of Snowmass is underway. There's still something like $28 million in development projects currently going on in town without including Base Village.