This is a trading market until the Iraq situation is resolved. Every day the market is going to react to what the news is that day.

It's been a good day for Iraq.

This is the time of the year that the market, historically, goes up. There's a sense that that rally has started and people are jumping on board.

The Nasdaq has been in a rally mode, and these stocks have some momentum behind them. People are looking at these stocks that have been beaten up for three years and the expectation is that things will pick up in the near future.

People kind of jumped the gun on tech stocks. Every time there's anticipation of a pick-up in the economy, people put a lot of leverage in technology. But it's going to have fits and starts before it gets going again. It's going to be more of a trading vehicle initially.

It is a disappointment right now. Nobody expected them to change the rate but they were hoping that they would maybe go to a neutral stance. Keeping rates where they did and still warning about inflation, really not backing down, has unnerved the markets a little bit.