This was certainly a successful launch for the 30-year bond.

We can't run econometric models. The numbers aren't good enough.

There is just no spare refining capacity around to deal with these losses. We don't have any cushion.

The Fed doesn't like to switch policy very quickly. Unless something goes wrong, I think they are going to stop (after the March move) and hold rates there for an extended period.

Consumers are getting more cautious.

'Desperate Housewives' was a surprise hit, ... If it holds up, if it's successful this year, certainly I think next year you'll see something else come on that tries to take advantage of it.