This is good news for investors. For investors that held on, I'm sure they're seeing relief in the stock today.

We weren't sure when we would get a resolution to the lawsuit, and, also, competition is still an issue for us.

Clearly, the housing market in terms of price appreciation could not continue to rise. I think everybody knows it. It's just that the degree to which the slowdown occurs. We don't think the bottom is falling out of the market by any means.

It's a legitimate concern that the US business has slowed down.

I think Target's going to continue to take share even from companies like Kohl's and J.C. Penney.

The quarter came in strong, but the bigger question is how they'll do in ensuing quarters. That's what investors are focusing on.