There's a confidence in earnings that is offsetting the other trends,

It's amazing. It gives us a lot of confidence. To be this close to beating the No. 1 team in the country is exciting.

If you're going to dismiss a person for poor performance, part of the implied term of mutual trust and confidence includes the need to give a person reasons for that and give them an opportunity to improve before you dismiss them and possibly give them warnings if that's a practice in your workplace.

What's important for investors to realize about the Dow is it's not just steel stocks and industrial-related stocks. There are growth stocks. There are financial, entertainment and industrial stocks. So when one sector isn't doing well, another sector may be doing well. And that's exactly what's propelling the Dow.

There are a lot of gut-wrenching, earnings-driven disappointments that you have to wade through to be able to come out the other end,

I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent. But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.