A couple things this morning are being driven exclusively by the option expiration tomorrow. It's just a fact of life that you get some abnormal activity in the week before, and certainly the week of, the option expiration.

The crude inventory figure is pushing up oil prices and that is hurting the markets. That is preventing investors from being too euphoric.

People are hoping it's only going to be as bad as they said it would be.

These businesses will go from being great to being pretty good and expectations are being dashed. This is a very tough time for people in the investment business to make returns.

There's concern about the ramifications of the Delphi bankruptcy.

When the market is uncertain, it either drifts or goes down. Looking at the economic figures that we're seeing, it tells you that inflation is coming. I suspect the Federal Reserve will keep beating on it gradually.

Texas Instruments is hitting a new high and that's always encouraging. There are these points of light that are stimulating interest in technology, and it's a developing trend that's positive.

We're having a pretty good time economically, and what that's saying is the consumer is alive and kicking. Retail is a huge factor in our economy.

All of corporate America is going to use Katrina as an excuse for all of their problems.