I think last year was a good year for stocks, I think this year was extremely difficult until recently.
The market will probably drift to the upside as we close out the year but there doesn't seem to be any conviction to it.
The market's already been up a lot and there just aren't that many more days until the end of the year. People are looking at what happened in last year and thinking we might see a January pull back.
It's also September, a typically bad time of year for the markets, ... and I think after two weeks up, people are saying, 'What are we doing here?' and stepping back.
I get the impression that every pullback this year has been met with new buyers coming in. There's still plenty of money out there that people are willing to put back into stocks.
The stock market rallied late last year and early January because people thought we were near the end of the rate cycle, but now they're less sure.
It's been such a nice run already, really a good run since August. I think the market is going to chop around here, maybe end the year just a little bit higher.