On the surface it looks very impressive, but we still feel there are a few hurdles that we need to overcome, but we've made a good step at challenging those levels.

People are still not ready to call this the bottom of the market.

The report was very confusing. The general consensus feeling is that no one knows what, if anything the Fed is going to do.

If they were to cut rates, it might endorse the view that the Fed believes inflation is not a problem. And that can be a dangerous game.

What all this tells us and is certainly telling the Fed is that maybe we need to examine what the sustainable growth rate really is. The risk is that we have an economy that is growing at a pace that historically suggests we should see inflation pressures, but we're not seeing that yet.

We seem to be showing a little bit of a recovery, we were at one point down double digits.