The market staged a year-end rally that brought yields down and raised note prices.

No doubt we will then have a year-end rally.

He said a year-end rally could take the Dow above the 2,800 level.

But this time around, they may wish to hold off celebrating the unofficial start of the year-end rally.

"We saw some pretty good positioning by investors as they set up for a year-end rally," he said.

The year-end rally that looked promising at Thanksgiving has moved into reverse.

Citigroup shares gained nearly 15 percent for the year, though not until a big year-end rally.

Technology stocks are leading a year-end rally that looks a lot like last year's.

"Get us out of October and maybe we can have a year-end rally."

"I think we are going to have a year-end rally that will continue into the first few months of next year," he added.