The correction isn't over, although the worst part of it is probably behind us now.

We're seeing some evidence of some slowing in the economy, which is a good thing, but we need a little longer time to call it a trend. And I think that is what the Fed is watching too.

Although we are on track with our expected results for personal auto and small commercial, our expected combined ratios for large commercial and homeowners will be higher than we anticipated at the beginning of the quarter.

Right now, the best thing to do is to buy stocks that are good values.

I think we're seeing already the start of a relief rally. Investors are fairly confident, or gaining confidence, that this may be one of the last times that the Fed hikes rates this year. Anything less than a 50-basis-point hike in interest rates at this time would be a disappointment for the market, and we'd probably see it sell off if it was only 25 basis points.

We've seen some evidence of a slowing economy, which is a good thing but we need more evidence to call it a trend.

We're putting that data together to go to the Hill to show congressmen and senators exactly what is happening on individual farms. What they want to do is show how these energy costs are hitting the bottom line.

Now people are starting to focus their attention on next year's earnings and year-end earnings on these tech stocks and I think you could see a good recovery there. Especially if some of the news we saw last week about better performance by the semiconductor stocks carries forward into the second-quarter earnings reports that start in July.