Farr Sees Much Risk

Michael Farr of Farr,Miller and Washington says he doesn't see how the financial sector leadership can continue.There's a lot of risk and red flags out there.The increasing unemployment and consolidating consumer are examples.I'm kind of bothered by this urgency toward optimism,he complained.The economic data don't show us that it's over.The economic decline hasn't stopped,but it's slowing.Mr.Farr likes Clorox,Procter and Gamble and Johnson and Johnson.

What To Look For

Optimism's rather fragile in this market right now,observes Michael Farr of Farr,Miller and Company.We're hearing constant strains from CEOs about how difficult things are.Corporate management are anticipating a continued slowdown.It's really important to do your homework.Look for strong balance sheets and good management.I am buying the dips,but I don't see a great deal of urgency still,Mr.Farr noted.

Farr's Recommendations

Michael Farr of Farr,Miller and Company likes the following stocks:CVS Caremark(CVS),Colgate Palmolive(CL),Microsoft(MSFT),Johnson and Johnson(JNJ),Cisco Systems(CSCO),Medtronic(MDT),Staples(SPLS),Danaher(DHR) and JP Morgan Chase(JPM).