This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Quick Take: Bull Market Won't Buck Ride

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.

Colyer doesn't believe the market is in danger of running out of steam anytime soon, though. "We have a lot farther to go," he says. Colyer points to the enormous amount of monetary policy that currently exists around the world and notes that the retail investor has yet to really participate.


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 - Get Report) 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.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PES $6.12 0.00%
WLT $0.56 0.00%
AAPL $132.65 0.00%
FB $81.91 0.00%
GOOG $555.37 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs