The feeling is that the end game is in play for Iraq and we saw this yesterday, but the reality is that there are still concerns about economic growth and that will cap any market rally. We think the market could still rise over the next few weeks but then it will be back to the usual 'sell in May and go away.' This is not the beginning of a bull market.
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I'm not surprised we pulled back that quick. That's our team. We make runs like that and we've been doing it all year.
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People's perceptions have settled in somewhat in regards to the conflict in Iraq and what it means to them. We see consumers' state of mind at being at a place to be receptive to a strong offer.
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