On the cnbc video the on guy from CME said he was going short on exc Friday due to higher interest rates. He was also shorting the S&P. It does look short term that rates are going up and that should bring exc down. I thought the company made a great move by cutting the dividend. Seems save at $1.24 for at least awhile plus based on projected 2013,14 earning they may bump it up a little. Problem is we are still in an environment where interest rates are rising which shouldn't bode well for exc.