I don't think the outlook on the economy has changed dramatically after those numbers.

The driving factor is indeed the Enron story.

We're back to focusing on whether the economy has slowed.

The big question becomes two or three months from now.

Now the odds are 85 percent that the Fed will move again.

A negative pallor hangs over the market.

There's optimism in the marketplace that the Fed will be finished for the rest of the year.