joining us now, russ koesterich and dan wessel. thanks so much for being here today. russ, let's talk about what to expect in 2014. do you think we can get a repeat with the stock market? >> well, by repeat you mean another year where stocks go to 30% that may be optimistic. >> little bit of a stretch? >> maybe a bit. i think stocks can go higher next year. the fundamentals look sound. valuations are a bit stretched but if we have a year in which economic growth accelerates and the rise in interest rates remains modest, then i think stocks will finish 2014 higher. >> so are you expecting the economy will do just that? >> we are. our base case scenario for 2014 is there is an acceleration of the u.s. economy, maybe going from the 2% trend growth we have seen over the past two or three years to something closer to 2.5 or 3%. i don't think it will accelerate beyond that. while there are a number of factors, the improvement of the job market and higher household wealth that are helping, one factor still missing from the recovery are higher wages. in the absence of higher