If you want to build the condos, that's fine, but to get rid of a cultural asset makes no sense. Don't destroy these buildings indirectly by leaving only the facades. It's a hypocrisy to say you want to preserve the history to then gut the buildings.

There is a general malaise and an air of frustration that has developed because there are not any compelling reasons to make big bets in this market.

People have discovered the word risk again,

We've all been conditioned to say, 'lower interest rates, higher stock prices, better buying opportunity,'

Every portfolio manager that you talked to is probably beaten up pretty badly right now. It's been a difficult environment but still, in all, it's an environment where we are going through the typical pre-release of earnings numbers.

We suspect that right now we are in the midst of what is a normal 10 percent correction. This is normal market volatility that people aren't really used to. A lot will be driven by the releases on the economy at the end of next week, namely the employment number.