We are quite dependent on decent earnings coming through to push this market much higher. With oil prices this high, one has to be more nervous.

Sentiment is drifting higher on softer oil prices. All eyes remain on energy. As long as oil prices don't do what they did last year, the economy should be fine.

Everybody had feared worse than what Apple and Intel delivered. The market had priced in a tough quarter. Overall, you have to be pleased with earnings.

If any sector is working right now, it's oil and gas.

Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news is that at least so far the U.S. economy has not been slowed by the high energy prices.

We certainly can't stop him from filing a new one sometime down the road, so it doesn't mean something can't happen on this property someday.