We had to guess each year what interest rates would do in the coming year, which is difficult to do in today's markets, and budget for that,

This bond will help keep utility rates for our residents as low as we can make them,

There's a little bit more caution coming into the investment outlook mostly because of fears of higher interest rates in the U.S. and Europe and now Japan.

You're fighting to a stalemate between those people worried about interest rates and high valuations and those people excited about truly good earnings. I think you're going to be in a trading range for most of the summer until some event that we don't yet see takes us out of that - either the Fed stops raising (rates) or there's bad inflation news.

We have been awful vocal against the referees this year and that might be coming back to bite us. I think we just have to shut our mouths and go out and play.

It's sort of like a teeter-totter; when interest rates go down, prices go up.