Here are the key things he said:
-- You have to be a drunk to buy Amazon.com (AMZN). Valuation is too high and there is no free cash flow
-- It is all about free cash flow, free cash flow, free cash flow.
-- There are much better opportunities in the market yielding much higher cash flow yield and selling a very attractive valuations.
-- Market may head to 1600 (S&P) as earnings are strong and a lot of money is sitting on sidelines due to uncertainty. People as usual are overreacting.
-- He just took a position in Cisco (CSCO) and also likes Bed Bath and Beyond (BBBY), Macy's (M) and Agilent Technologies (A).
Here is the video: