Investors are having to deal with the reality of lower corporate profits. And the stock market is starting to feel that impact.

At the other end of this, who's going to be taking as serious any commitments that are made? The reality is nobody is going to sign up for anything that will serve the public's interest until afterwards.

The current system doesn't provide for enough visas. It's plagued with an enormous backlog and doesn't provide enough visa categories to support the U.S. economy's demand for workers.

The sell-off in the bond markets, not only here, but in global bonds, is scaring a lot of investors. At the same time, we are seeing a rotation from some of last year's bigger gainers, such as the energy companies, and people are just taking profits on those big names.

You'd want to refinance to either reduce the monthly cost of your mortgage or to reduce the amount of time remaining on your mortgage, ... In some cases, you'd actually keep both the payments and loan length the same but refinance to [tap into the equity and pull out some of the appreciated value.]

The equity market is going to begin focusing more on corporate earnings and may even focus on the positive benefits of a little bit of economic activity.