Today's market may well face a struggle for direction. Uncertainty over oil prices and the future direction for U.S. interest rates has made it a somewhat choppy week.

We're looking at a somewhat flat start to the week. Oil prices look set to play a key role in directing equities.

Walter Forbes's decision and the corporate governance changes approved today end any uncertainty about the future direction and leadership of Cendant. That uncertainty was a serious impediment to conducting our business and the process of restoring trust in our company.

Historically whenever there are political issues that might raise uncertainty in terms of supply interruption, we see oil prices spiking. But it is only temporary.

Historically whenever there are political issues that might raise uncertainty in terms of supply interruption, we see oil prices spiking,

The prospect for some profit taking ahead of the weekend break doubtless remains.