NEW YORK ( TheStreet) -- TheStreet's Joe Deaux met with Scott Colyer, CEO of Advisors Asset Management, to discuss the strong state of the stock market this year."You're going to see a pullback," Colyer stated, "unfortunately, I have no way of knowing when that's going to happen." He says no one really knows when it will happen, but that it would be healthy for the market to do so.
Contrary to popular belief, Colyer actually sees the Federal Reserve's potential tapering of the quantitative easing program as a good thing. He reasons that when the Fed slows their asset-buying programs, it means that the U.S. is close to sustaining its own organic growth. When Colyer was asked what he is specifically focused on, he told Deaux he was looking at Walter Energy (WLT) and Pioneer Energy Services (PES - Get Report). When viewing the stock market as a whole, he told Deaux, "valuations are still reasonable." -- Written by Bret Kenwell in New York.