We're starting to get little pockets of softness, which causes people to worry about (the Fed) going too far and causing recession.

But on the other side, you have Morgan Stanley, leaders in the brokerage world, putting up huge numbers.

We're likely to see a sharp and meaningful correction that lasts a few months.

With the way the precious metals and the oil continue to soar, I think the market may be just a bit worried that the Fed may signal it indeed has a little bit of work left to do.

They're out there, but they're few and far between. CPM is the next level of BI. There are pockets within companies doing BI well, but performance management has to be synchronized across the entire organization.

Bad news can be good news for equities if the bad news causes the Fed to cut aggressively.