Foster Wheeler Ltd. (NASDAQ: FWLT) is one of the few infrastructure stocks so far that felt a little selling pressure on earnings. Shares opened lower today and then went positive briefly. The infrastructure company posted $1.41 EPS, above the $1.33 EPS estimate from First Call, and its actual net results were $0.99 on items. Revenues were $1.19 billion, compared to estimates of $1.2 billion. That EPS number is before an increased reserve charge related to a legacy power project. Overall, after a huge run-up in recent years, many will think this gives reason for a pause.

However, the global power group unit has its highest backlog in years and it expects strong bookings in engineering and construction in the second half. What is interesting is that if you look through this and through the other infrastructure earnings scorecards, you just do not get the feeling that infrastructure is dead. Not even close.

We still have a U.S. highway bill that got mothballed and we have a highway system that is actually behind the new interstate highways in Mexico. We just had a deadly and shocking bridge collapse in Minneapolis. The Middle East, Asia, and parts of Africa are seeing major projects come online and still many more planned. There may be some profit taking in the infrastructure stocks as valuations have to play the earnings catch-up game. But there is little reason to believe that a slowdown in the sector is going to come on strong. This was one of Cramer's Wild Bull Market Picks, so you can expect him to be keying on this and other infrastructure plays later today.

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Last night, as you all have heard by now, a bridge that hovers over the Mississippi River that separates Minneapolis from St. Paul, Minnesota collapsed at the height of rush hour. Thanks to my son's insistence about watching the Minnesota Twins take batting practice before their scheduled game against the Kansas City Royals, we just missed the tragedy.

I live in the greater Minneapolis area and am still in shock. Last night my 15-year old son Joey and I decided to go watch our beloved Twins. The game was to start at 7:10 pm, but Joey , being Joey, begged me to go early so we could watch batting practice. He is an avid baseball fan and player. Why not? Let's get there early, grab a couple of hot dogs and watch the pros smack the ball around. Joey and I crossed the I-35 W bridge at 5:30 -- thirty-five minutes before the collapse.

At the Minneapolis Metrodome, all seemed normal. The bridge collapsed at 6:05 pm as people were filing into the stadium. At 6:50 pm, the Twins announced that the game would go on as scheduled. It was a puzzler because no one in the Dome was aware of any tragedy that lay just eight blocks away. The public address announcer explained what happened and said the Twins would play the game as they did not want to send 25,000 people back into the already heavy-congested traffic. Today's noon game has been postponed as the rescue workers are using the Twins parking lot as a staging area.

Cell phones were working intermittently as the lines were flooded with concerned and curious callers. As my phone finally worked, my wife, two daughters and my other two sons were frantically trying to reach me as they all knew we went over the bridge, but they did not know what time we crossed it. I remember just breaking out in a sweat when I realized the scope and scale of the disaster. My precious son and I were only 35 minutes ahead of a disaster that could have cost us our lives.

I barely remember the game. As word spread throughout the Dome, people were more concerned about their loved ones and friends. The I-35 W bridge normally accommodates 135,000 cars a day; it is one of the major arteries leading to downtown Minneapolis. Not anymore.

So dear readers, take a moment and reflect, maybe give someone you love an extra hug. I know I will . . .

Georges Yared is the CIO of Yared Investment Research.