The ability of Intel to come out and say a 'no worse than expected' story pleased the market. There are many other corporations in technology that are in that position so that if the slowdown is just a slowdown, there's good upside in many of those issues.
It's very focused on the Intel and IBM story today but it's a fairly flat trading day, ... All we've done is gain back a little bit of the massive losses. The damage is still out there with the losses still sitting around.
Intel was generally positive, but I think the stock had run up into the meeting, so that's why you're not seeing much reaction.
You continue to have investors weighing strong earnings -- in this case Yahoo! and Intel -- versus the fear of inflation again.