We are still seeing strength in the labor market with wages rising. We are waiting for further declines before buying.

Treasuries can still fall some more. Some people are worried about the outlook for inflation because of the rise in energy prices.

There is some room for the market to rally in the next few weeks. We are looking for opportunities to buy Treasuries.

This market just keeps going and going and people are betting on even further gains. Strength in economic fundamentals is the biggest incentive.

The jobless claims drop shows good strength in the labor market at the end of the year. It shows that the economy has recovered after the hurricanes and is heading into the new year with good momentum and good job prospects.

It's critical that the labor market start to show unambiguous signs of strength. It's a necessary condition for the recovery to be on a self-sustaining path.