If rates rise it's because the economy is getting better.
We certainly don't want the thing that goes down, disappears and then goes back up because, first of all, there is a huge amount of uncertainty around that.
You get the impression we're pretty sanguine about the broad economic outlook.
We've come so far. Holding onto gains from yesterday's rally is impressive.
The market moved up rapidly, and it needed a pause.
There's a 50-50 chance that they pause. I think the economy was already in the process of slowing and the dislocations to the energy sector will be fairly significant. There's reason to be cautious and play it by ear.
When I hear (about a housing bubble) I get the sense that people aren't connecting the dots.
I think we are looking for a pretty good prospect for a rebound next year.
It looks to us like after a slowdown in the fourth quarter, spending is picking up in the first.
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