The wheels just came off. You don't know when its going to happen, how to fix it and the only thing that can stop the bleeding is a goal, a big hit or a man-up.

There was a time that when we faced them and we knew when we walked on the field, knowing we were going to win the game. Now they have that, they're the team to beat.

I think as a team, we were ready on that Tuesday to play. The team had a quiet, confident demeanor and I was very happy with the senior leadership.

The affordability issue becomes very real when mortgage rates rise because a lot of people have taken out interest only loans or adjustable rate mortgages thinking that rates would stay low.

We're going to see a lot of the money that has been parked in real estate move back to stocks. Wealth should not be centered in your residential real estate, which is going to return to more stable to flat appreciation.

When so-and-so is closing up shop, it's a reflection of what's happening in the investment world. It's not that the hedge fund world is coming to an end.