We were expecting this quarter to be weak and it actually came in a little softer than expected.

As expected, it was a messy quarter. Retail was expected to be fairly weak, maybe there was a little more weakness in the supply chain services than investors had expected.

The quarter is proceeding essentially as expected.

The data from Japan was universally softer than expected. It is conspiring to take the yen lower.

Only the weak are cruel. Gentleness can only be expected from the strong.

We've had a little bit of a relief rally because the ISM was softer than expected, but the prices paid were higher so it's hard to get too excited about it one way or another.