keith fitzgerald. >> you know, i think that's a very interesting question, marieia. i don't know it's just valuations. i think we are dealing with a week cyclical time of year, volume lightens, that spread widens. that's part of it. profit-taking near record levels is also normal. looking at that, i'm very conservative in here, i'm also looking to buy, i'm looking to buy if areas of technology-related censors, big data, energies, particularly appealing to me, where i can get high income, kinder morgan partners. looks like a good defensive, yet offensive play here. i like cold, hard cash. >> are we there yet? you are not down to levels you would buy yet, keith? >> again, i'm nibbling i'm happy to buy it here. i'm happy to buy it lower, too. >> what about you, frank, you are looking for levels to get in? >> we feel it's an important time to buy into the marketplace, it's just one bad day. we're actually looking ahead to the september which is a -- >> is that a mistake bell? >> it's a difficult time for the markets to operate in. you have a possible new fed chairman goi

no wonder stocks are sliding down, and in the worst month of may, 2012, and keith fitzgerald says uncertaintyp slamming stocks well into september, others say stocks will rise in september. give me the half-full glass version on this. speak ou >>>> it has been bakede market. i think you saw that really as soon as kerry was done talking. neil: is it bakes in going alone as well? >> i think so. investors and traders particularly are prepared for that scenario because after written bailed out, we would be going more or less alone. the economy still fragile. i don't think the fed will pull bacback to drinking water anytie soon. i think we will rally just like we did back in the days of the gulf war. neil: and view it will not be that bad. you say not so. >> i have a lot of respect for you, but i will say not so optimistic. you don't go to war halfway. the law of unintended consequences. we will see 5% to 10% pullback. that will inversely prompt bernanke to keep his foot on the gas after a sharp september pullback. neil: there is another view on this, gentlemen. going into something stocks could h

we want to bring in the market watcher keith fitzgerald. what do you say on this?well, you know, i think they're on to something and we've seen the financial company's report and they've been primary beneficiaries, and we're going to see the consumer stocks report in the next few weeks. markedly lower, and the financial guys turn in so far. >> what about the notion, keith. maybe the so-called great rotation, and the funds coming out of bond funds, because stocks are the only place to go? >> i think there's a lot of data to support that. what i don't see is how the average investor is playing along. i see them making-- the institutions are not falling for the high jinks that potentially brings to the intersection stumbling block. >> or you could say they're doing what they want for them to do. nothing better than a dow 16,000, a green light for a lot of people. >> psychologically it is. and the question of course, are you making intelligent decision or changing the train that left the station and i hope it's not the latter because the individual investors are very s

fitzgerald, that stuff is just gossip, it's not real? >> well, our industry does definitely tend to be quite incestuous in terms of moving back in forth. oracle's head of sales keithck just became our vice chairman and has taken over our distribution organization. we couldn't be more delighted to have a 26 year veteran of oracle now running salesforce.com customer facing operations. >> mark, one of the things i think people are fascinated by, you can help us with is this hacking. who got hacked, who didn't? new york times got hacked. they went after twitter. they didn't get it. you were directly involved with twitter transactions, did they stop this hacking? >> jim, that's really not an area that we are involved in, honestly. you know, i'll give a perspective on cyber security overall in our industry. there is no finish line when it comes to cyber security. security is kind of a highly evolving, never ending, highly in flux state of technology. you will continued to see a wide variety of events across the world as the cyber security environment changes and continues to unfold. >> well, is that something you should be a part of your suite, your number one market, n