My feeling is that right now everyone needs to proceed with caution.

But when that number reaches or exceeds 95, there is some caution that needs to take place,

Because of the caution that I see right now, I would emphasize some of the more defensive stocks that are the bigger, stronger leaders in their areas; essential products and services; these tend to experience less than average volatility.

In a lot of cases, the IT solutions may not map to what business process needs and metrics are. That's where a lot of companies fall down.

He just lays it there and it's always in the right place and always just the right speed. I'm very fortunate to have a partner like him.

We had 1:15 ... 1:20, so we knew, 'Let's be patient here, let's wait for the right play' ... We moved the puck around and got lucky. I got a clear shot.