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) and Pioneer Energy Services ( PES).

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.

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