With Katrina the potential for rates to stay lower than they otherwise would have is greater. If the Fed pauses, it takes additional reasons away for yields to rise.

Furniture manufacturers will clearly be nervous with the potential (of) slowing in the housing sector.

If one were looking for additional weakness in the economy, it's not going to come from housing. We are seeing the economy generate a fair amount of momentum.

We are seeing good income growth and consistently good job growth, so the consumer remains in relatively solid shape. The economy is currently experiencing a nice, steady, solid momentum, the kind that can continue for an extended period.

Buying plans still remain robust.

The green light is there for the Fed to continue to raising rates. No doubt about it. The Fed may go again in May unless the economy slows.