That kind of news will spook the market and we will hear more of it because we're at the peak earnings reporting season.

We're coming close to a heavy reporting season. We will start to hear positive or ... more than likely negative surprises like what we saw with Computer Associates earlier.

People are still not ready to call this the bottom of the market.

On the surface it looks very impressive, but we still feel there are a few hurdles that we need to overcome, but we've made a good step at challenging those levels.

The report was very confusing. The general consensus feeling is that no one knows what, if anything the Fed is going to do.

If they were to cut rates, it might endorse the view that the Fed believes inflation is not a problem. And that can be a dangerous game.