The market in general has been flat this year. I'm not surprised to see stocks closing even or close to even.

Consumers are more maxed out on credit than they were at this time last year.

It's not a buyer's market, but we're close to equilibrium.

This is really a stock picker's market and not an index picker's market. I'm not buying stocks on a group's performance ever.

I think the general public is going to be surprised by this. It's not out there yet.

You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.