Traders remain extremely nervous about gasoline supplies, especially with the switch to ethanol nationwide.

[Katrina, however, knocked out a substantial portion of the nation's petroleum infrastructure, especially refineries that produce gasoline, when gas supplies were already stretched thin.] The larger worry may not be Katrina itself, ... but if energy prices were to continue their sharp climb.

We're going to have shortages and prices are going to go up. Gasoline is going to be extremely tight for us.

We could easily see a dollar or two setback in a few sessions if the momentum traders switch sides.

It's part of a broader trend. Nationwide there are markets that have a ways to go, especially in the Midwest. But we're much closer to the end of the cycle than the peak. Now we're watching how it plays out -- whether it's going to smash into a wall or just level off for a while.

I get pretty nervous before all the games, but especially here and at the Garden.