The environment is very good now. While in fact I'm less exuberant about the large stocks I think the small stocks will play catch up.

While I do think the bull market continues, I think we are in a consolidation period, in which I would expect we are likely to have a 6 to 8 percent correction from the peak.

The technology sector has had a tremendous rally since the middle of April and I think it's time for some resting.

Typically stocks don't do well in the face of rising interest rates so I don't think anyone is going to get rich.