My feeling is it's going to be hard to stay up here.
I expect the market to constantly get knocked on the head, and eventually it's going to sink in.
I think we have a lot more (warnings) to come in the coming weeks.
I think people are very scared. Yesterday, you had a kind of panic buying where people were afraid to be out of the market.
The sales are reasonably good. I think the most important thing is that inventories are in shape. So, the outlook for the coming year seems to be pretty positive.
There's a lot of momentum and unless something changes it, like another rate hike, we'd expect it to continue. We don't feel super bullish about the market, though ... One thing that we're not doing is chasing the super big-cap names just because they've going up.
They'll be able to offer some very attractive merchandise to the customers.
The consumer is making a lot of money, employment is high, wages are starting to go up. People have money in their pockets.