Microsoft: Ideal Selection For An Overbought Market
by Bret Jensen
The market continues to grind higher on its way up to exceed its 2007 highs on the S&P. The market is feeling more and more overbought here given the negative growth expected out of Europe this year, tepid economic growth domestically and a still acrimonious political environment. One stock that I think is ideally positioned here is Microsoft (MSFT). If the rally continues it will need to spread out to sectors and equities that have not participated fully in the rally over the last three months. On the other hand, a decline should impact high yielding blue chip equities on a lesser basis than the overall market. read more »
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