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CNBC Squawk On The Street December 26, 2014

Play and youtube. Do not miss our interview with a Theater Owner who screened the film. First the markets at record highs. S p 500 set for its 52nd closing high of the year. Will the rally continue into the new year . Joining us, hank smith at haver haverford trust. Do you expect this record to continue into 2015 . Yeah. We wrote about it last year and again we are writing expect pullbacks, expect corrections. They are a normal part of any bull market. We havent had a correction in 3 1 2 years technically speaking, a 10 decline. They should be shortlived and relatively shallow. Theres been lack of participation with retail investors. This is one of the most hated bull markets in history. People are now finally looking to enter the market and they are going to buy on the dips. Is that a good sign for the market . We were talking to a trader last hour who said when retail finally emerges, you want to sell. Thats a long process. It just doesnt happen overnight. This market is not cheap, b

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