My days as a runner are supposed to end with the new hip, but I run so slow that there?s not much jarring. I plan to keep going.

I think we're seeing already the start of a relief rally. Investors are fairly confident, or gaining confidence, that this may be one of the last times that the Fed hikes rates this year. Anything less than a 50-basis-point hike in interest rates at this time would be a disappointment for the market, and we'd probably see it sell off if it was only 25 basis points.

Right now, the best thing to do is to buy stocks that are good values,

We're seeing some evidence of some slowing in the economy, which is a good thing, but we need a little longer time to call it a trend. And I think that is what the Fed is watching too,

We've seen some evidence of a slowing economy, which is a good thing but we need more evidence to call it a trend,

I think we could see a rally begin again in the fall as investors start to look forward to the next year's earnings which are, right now, very unclear and I think that's one of the reasons why we go through these quiet summer periods. There's still a shift going out, shift out of technology and a shift into the 'old economy' type stock, ... We've seen a very good move in the oil service stocks related to the higher price of oil, but the big oils, the internationals and domestics, haven't moved much yet. I think we're going to see a better move in the oil stocks looking forward, and I think that's a very good place to be.