The market is going to trade sideways here. We had a rally earlier in the quarter and the market's got to sort through some of these issues and get a better sense of what 2006 looks like.

I don't think Gary Black saw himself as a perennial No. 2. I think he took the job hoping to be No. 1 at some point.

It's a response to the Federal Reserve's action last week -- the first interest rates increase in a while. And the Fed chairman said he would be preemptive rather than reactionary in his war against inflation. So I think we can expect more.

It's a response to the Federal Reserve's action last week -- the first interest rates increase in a while, ... And the Fed chairman said he would be preemptive rather than reactionary in his war against inflation. So I think we can expect more.

We've got a market that's very concerned about interest- rate increases.

Energy costs have risen faster than anybody had expected.