The video this transcript is based on appeared on December 26.
NEW YORK ( TheStreet) -- Wells Fargo Advisors' Scott Wren says that while there will be volatility in the markets over the next several months he expects the markets to end 2014 roughly 7% higher than where they are today.
Now Scott, as we look out to 2014 we've seen the markets move higher this year, will they continue to move higher next year or will they take a breather?
Well Ruben, I think by the end of the year 2014 the market will be higher than where we are now by five-six-seven percent possibly. But I think in the next few months or the next quarter or two we're going to see some more volatility which really, I would welcome because really the markets moved with it very shallow pullbacks over the course the last six or nine months, a lot of our clients still holding too much cash. I'd love to see a little volatility, I'd love to see some pullback and I think that's what we're going to see over the course the next course of the next three or four months.
Scott, thank you so much. In New York, I'm Ruben Ramirez, thanks for joining us.
Written by Ruben Ramirez in New York.