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Market Will Surprise to Upside This Year: Mike Holland

Monday, 8 Mar 2010 | 11:29 AM ET

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?

What's Driving Stocks?
Mike Holland, chairman of Holland & Company, shares his thoughts on the Chinese real estate bubble.

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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Market Point/Counterpoint:

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CNBC Data Pages:

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CNBC Slideshows:

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Top Dow Gainers (As of Mid-Morning):

McDonald's

Cisco

Microsoft

Verizon

Walt Disney

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Disclosures:

No immediate information was available for Holland or his firm.

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Disclaimer

  Price   Change %Change
CSCO
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DIS
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MSFT
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VZ
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MCD
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