If you were looking for an excuse to sell, you got a few things pushing you towards that. I'm a little more cautious, a little more nervous.

The interpretation from the statistics today appears to be that the Fed is not going to stop.

The number was good, it's showing there's legs on the industrial side of the economy.

Last week the indications from the meetings and from some of the Fed speakers was: Yes, we're concerned about tightening too much, but everything is data-dependent. The interpretation from the statistics today appears to be that the Fed is not going to stop.

Don't bother explaining—I've heard all the excuses and the trouble is most of them are true.

I'm myself, not a label.