The dollar has strengthened notably versus the euro in the past week, which will undoubtedly help provide a well-needed boost to European profits.

The recovery is not off the ground yet and there's a danger it could be nipped in the bud in its infancy. I think a lot of economists who have been very cocky over the last month, revising expectations up to ridiculous levels, are starting to backtrack.

If Nasdaq got involved, there would be more momentum for a tech market in Europe.

Valuations still remain high in the European technology sector. I see about 10-15 percent further downside in the sector before prices begin to get interesting again.

Both new and existing home sale prices over the past few months have already been trending downward. Prices will continue to feel downward pressure as more and more units are posted for sale in the marketplace.

I think it will definitely help us to prepare for the district tournament. It's a little strange not knowing what team you're going to play until about a week before the games start, so that takes a little time out of preparing.