Market Will Surprise to Upside This Year: Mike Holland
US markets opened higher on Monday but trading was moderate after last week's rally caused by better-than-expected jobs data. How should investors be positioned going forward?
Mike Holland, chairman of Holland & Company, shared his market strategies.
“People are still, as a group, pretty unfavorably disposed towards toward U.S. stocks — particularly large-cap stocks,” Holland told CNBC.
But Holland said the U.S. stock market will probably surprise to the upside over the year.
“The short side is more dangerous right now than the long side in the U.S. stock market,” he said. However, he added that the “buy-and-hold” mantra is dead.
- Watch Holland's Previous Appearance on CNBC (Mar. 2, 2010)
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No immediate information was available for Holland or his firm.