We will likely see quite a reversal of the January surge in housing starts during February as a mid-month blizzard blanketed the East Coast under heavy banks of snow.

The investor will be sensitive to any signs that the sharp spike in energy prices is going to derail the consumer sector, the overall economy and corporate profit growth in the fourth quarter.

The market was too sanguine about the Fed moving to the sidelines at the end of the year or under a new chairman. They're going to keep tightening until they get a break in the inflation rate.

There's going to be massive reconstruction in the Gulf region in a couple of months,

You have to borrow $2 billion a day to fund that. It's an imbalance that's unsustainable.

They're still very decent, solid numbers and show no threat to the expansion. They're just not as strong as they were.