The big tech stocks are still where you have to be but I don't want to go overweight tech,

You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.

I'm on the edge of my seat waiting to see what the numbers will look like. The numbers should be strong but investors are all a little edgy here.

[Fuqua thinks Microsoft could do something really bold with its cash. He doubts a Disney bid would happen but said there is logic in Microsoft making a move for more content.] Microsoft needs to shock the world right now, ... The market is waiting for it.

Microsoft has to do something to start growing again and I think the only way to do that is to buy companies. It's still a great company but it's stuck in the sand.

What is the economy doing? That's the biggest question on everybody's mind. If the economy gets going than inventory will take care of itself quickly.