The big surprise has been that the inevitable hit to the U.S. economy from the hurricane hasn't hit the market yet -- this market doesn't want to lie down.

To its huge credit, GUS has moved from being a rag-tag of businesses with a reliance on a declining home shopping market to a very focused retail group.

Given the low rating of the shares, we would hope they would be buying them and indeed they are,

Oil is uncomfortably high; it is inflationary, ... If you are struggling a bit on the continent, as Germany is, you really do not want high input prices.

The end game is to sell out to GM, ... There are too many players trying to win customers in the mid-sized market.

There's relief (in the market), coupled with some good corporate news from GM. Certainly the U.S. durable goods data today is very important. Oil prices are steady and that helps too.