I do think that guidance is going to be key.

I wouldn't be surprised to see (the Dow) trend lower because markets don't trend up in a time of rising interest rates.

My sense from just this brief analysis is we may avoid a rate hike in August. If you believe the economy is slowing down, we may be at the end of interest rate increases.

It seems to be more of the same.

I think it (the sell-off) was very overdone. For some of these companies, the fundamentals remain very strong.

The large cap tech stocks in particular are really looking very, very attractive right now. At the moment, the small investor can start to step in, albeit slowly, because when these things begin, they don't typically turn right around. We could be looking at you know a weak quarter. But some of the large cap quality growth companies look very attractive right now.

The market can begin to repair itself in this kind of environment. We're making a very nice bottom here, and assuming the fundamentals are what we think they are, we should have a better market going forward.

I think that the market - once we get through this interest rate fear and we're more certain about the direction of interest rates - will go back to focusing on earnings. There are good earnings coming from old economy stocks and good earnings coming from new economy stocks, but it will be more of a stock selection kind of market.

I think the worry is they are going to say something negative about the third quarter.