but, floor broker doreen mogavero thinks today's gain were technical. >> i think honestly people werecovering shorts. i don't think it was very euphoric rally where people were saying oh good now we can move on. i think people were saying better not be short going into this weekend in case the come up with a template for a deal before thanksgiving. >> reporter: prior to the election, the s&p 500 was up an impressive 13% for the year. as of today, those gains have been trimmed to just 7%. still, some strategists say the recent market volatility may be less centered in the nation's capital and more in year-end nervousness. don't forget europe's financial crisis is far from over and now there is fresh trouble in the middle east. but, there's also concern the likely near-term fiscal cliff solution will be to delay a grand compromise, resulting in a less than ideal environment for stocks. >> that means you'll get some uneasiness extending into 2013. it won't have the cliff aspect at least in the first half of 2013. so, the can is kicked down the road. you'll have more like a simmering unea