Our economy is stronger than people have been talking about all year long. I am not surprised to see consumer confidence pretty high. The market typically does well when consumers are spending.

We have a strong economy, but it's not bullet proof, so you've got to be very careful about the steps you take to try to change the way things are going. There is certainly room for the market to go up.

Technology shares are among the most undervalued. Investors who are betting on a year-end rally are probably going to favor the sector.