Following a bull run in 2013, the stock market appeared to be looking for "reality," Wien added.
"The market is looking for certain kinds of reality," he said. "Tapering is a negative. Disappointment in earnings would be a negative. Evidence that profit margins have peaked is a negative, and I think there's some negatives ahead, and I think the market has done very well.
"Do you realize that it's been up four months without three down days in a row?"
Wien noted, "You have to go back to 1935 to find another period like that."
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Wien also called 2.20 percent interest rates "a very, very low yield."
Historically, the 10-year U.S. Treasury has traded at the nominal growth rate of the economy, Wien said, which would put rates around 4 percent.
"There's a lot of room for rates to rise," he added, something that the market realized. "It's anticipating higher rates."
Wien expected the S&P 500 to gain 15 percent in 2013 and real GDP growth at 2 percent.
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Trader disclosure: On June 12, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long JOY; Jon Najarian is long KOG; Jon Najarian is long EEM puts; Jon Najarian is long SCSS; Jon Najarian is long UVXY; Simon Baker is long AAPL; Simon Baker is long GS; Simon Baker is long JPM; Simon Baker is long INTC; Simon Baker is long CSCO; Simon Baker is long FB; Simon Baker is long GOOG; Simon Baker is long HPQ; Pete Najarian is long AAPL; Pete Najarian is long BAC; Pete Najarian is long JPM; Pete Najarian is long MS; Pete Najarian is long XLF; Pete Najarian is long INTC; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long SE; Pete Najarian is short SBOX; Steve Weiss is long BAC; Steve Weiss is long C.