What I don't want to see is the Dow fall below that October low, because then you're in danger of seeing a Dow 5,000 scenario.

It's not a big roaring bull market. It's just a slow but steady climb towards resistance in terms of the Nasdaq. We could get up to 4,400 or 4,600 by the end of the quarter. In terms of the Dow, we're getting closer to resistance and we're in the zone. Maybe we can go up another couple of hundred points.

We could be looking at the mirror image of what happened in April of last year, where we got above the 50-day and 200-day averages and then the trend turned up. The risk of rolling the other way is the opposite [of that action].

I think we've set the stage for a year-end rally.

There's a danger of putting highly focused policies in place, as costs can outweigh benefits. If you have security turned up to such a level that you can't react because nothing is getting through, then that's not the right level of security.

If the threat is not imminent, the protocol is not to evacuate. Obviously if there's immediate danger, you get them out.