We continue to be in this trading range, at the lower end right now, ... The only catalysts that can get us out of here in the next few weeks is some relief at the pump, lower oil prices and news about how much the Fed is going to raise rates.

I think there's a real lack of commitment in the market right now from both institutional and individual investors,

CPI data was benign but the data was prior to Hurricane Katrina, ... Still, no one is quite sure about what the Fed is going to do going ahead. So the market is not showing much conviction.

I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,

The market is being very rational where it's placing capital and the companies that can grow their unit volume, get revenues and earnings going at a 30 to 40 percent clip are being rewarded accordingly, ... I see nothing irrational about it.

I think investors were looking for an excuse to take some profits after a blisteringly good pace in November. Higher energy prices near term, and the continuing battle in Washington over the course of the Iraq war have provided sufficient reason for investors to take a little profit.