If we show a build on the slight improvement in the labor market we've seen, if the economy continues to grow, there will be a decent November.
I think the Fed meant to say something reassuring about the economy, but the result was very confusing.
Cyclical stocks should really not do well if the economy is going to slow, and you can see, look at the cyclical components of the Dow, a stock like International Paper, Du Pont, all at multi-year lows. I really don't see much there, I would avoid them.
The main thing is how this tragedy is going to impact the economy, and obviously it's negative.
The earnings have been tremendous. We are going to see a shift back to 'new economy' stocks because they are less rate sensitive.