Microsoft just made a new 12-month low ... the stock has been stuck in reverse to neutral for some time. It has a lot of weight in the Nasdaq, and that's one of the things that we see as a disadvantage to looking at the Nasdaq. |
We're being a bit more cautious on the buying we've been doing. I still feel that a lot of this optimism is based on the first quarter. I really think we're still waiting for the day when the Fed actually stops. |