We like stocks in oil and drilling. Energy does well in an inflationary period. So we want to have some exposure to energy,

I still don't think we have the Fed out of the way. The Fed seemed to worry more on inflationary than longer-term risks to the economy, which was reacted to very quickly in the market yesterday. That story still lingers today, as well as another major hurricane that's ramping up energy costs.

I still don't think we have the Fed out of the way, ... The Fed seemed to worry more on inflationary than longer-term risks to the economy, which was reacted to very quickly in the market yesterday. That story still lingers today, as well as another major hurricane that's ramping up energy costs.

A rebound in energy (prices) could be one of the excuses for a mid-December trading peak (in stocks).