[video] Quick Take: Cyber Monday Flatness
NEW YORK (TheStreet) -- Volume is low at the NYSE on Cyber Monday and the major indices are flat.
Jason Weisberg of Seaport Securities told TheStreet's Debra Borchardt that a pullback seems unlikely because many investors are being forced to chase the market higher in hopes of boosting their annual performance.
He added that a lot of market participants have missed the big upside move since the summer and now they're paying the price, literally.
So where do we go from here?
Weisberg predicted the Dow Jones Industrial Average would end 2013 near 16,400, while the S&P 500 should finish around 1,825.He added that the broader markets should finish near the highs of the year, but we could experience some small selling pressure in the final week due to profit taking. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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