This was not a year for macro-sector bets -- whoever bet on sectors, or indexes other than energy, got extremely frustrated. This was the year of individual stocks.

The fact that oil broke close to US$60 today caused a drop in S&P 500 energy stocks.

There is no question we need an energy policy overhaul in America. A key part of that overhaul must include moving forward aggressively with expanding nuclear energy as a renewable energy source. Storing nuclear waste is an important piece of that effort.

There is no message out there that rates are biting enough to shut anything down.

Commodity prices are rising, quite dramatically for copper, tin and steel scrap. That would not happen if there was an expectation of a slowdown.

What little earnings reports we have had have been a little bit more disappointing than outperforming.