All things considered, I’d say Friday was a success. Clearly, the inclusion of Berkshire Hathaway into the S & P bolstered the volume. However, it was a solid performance in Technology, specifically Semiconductors, and a decent Retail Sales report for January that proved to be the comeback catalyst for the broader market. January Retail Sales rose more than anticipated, up 0.5%. Meanwhile, the data we’ve seen on inventories and from the regional Federal Reserves are that inventories are still being depleted, albeit at a slower pace. What this means is that we should still see an attempt at an inventory rebuild cycle being pushed out into the first quarter. Compare that with the circumstances in the first quarter of 2009. This should be a very positive comparison, but the focus on earnings really shouldn’t emerge until mid-March. That leaves us with the focus on housing, the dollar, and the global debt crisis. These issues remain at the forefront this week, as well as the FOMC minutes, which many will look through to see if there is any mention of an “exit strategy”. In addition, we are only now approaching technical resistance at Dow 10,270, S & P 1104, and NASDAQ 2200. Up until now, this has been the easy stuff. Last week was marred by bad weather. We would expect to see an increase in trading activity, as investors play catch-up to the news items out last week. Technically, this bounce has been weak, but the leadership has been positive. If we can’t get it in gear this week, I would look for a test soon.