The sector is doing well. But they're highly leveraged. There will be a decent premium, around 10-to-15 percent, but not a blockbuster.

The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.

A lot of wireless carriers have been doing well but they have fallen a bit from their highs. Wireless couldn't escape the tech wreck.

All stars are in alignment for Peabody.

Any ray of sunshine that investors can find is a big plus for the IPO market.

We are slowly awakening but are still a long way from recovering from last year's fall off. The Nasdaq has been up and that's a plus. But don't expect too much out of these offerings.