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With us around the table I'm pleased to say, Jack Caffrey, Equity Portfolio Manager at J.P. Morgan,

Asset Management Morning, Jack.

Good morning.

What do we need to see to get this rally to broaden out into next year?

Well, I think let's break this down into three steps, if you will.

The holiday rally is certainly very much in force.

As Tom just mentioned, it's November has been a really good year.

I think against a context of what most people would have been putting forth

as an idea of what to expect.

With the end of, say, tax selling with the return of the corporate bid,

...