Ram Kolluri
Ram Kolluri
both certain challenge chance point resolved sides unless
Unless there is a dramatic, clear-cut winner, which at this point is not statistically likely, there is little chance of this being resolved right away. I think both sides are automatically primed to challenge certain results.
early energy fears february higher late previous profit rally taking
Higher energy prices, new fears of terrorism, some profit taking after the previous rally -- all of that is why we've come back from the late January, early February levels.
market
I don't really see anything substantial that could derail this market right now.
america balance catching cloud corporate earnings focused games people playing realized table
We're reeling. Everything is up on the table and we are going to be under this cloud for a while. For a long time, people have been so focused on earnings that corporate America realized that they can get away with playing games with the balance sheet, and now it's catching up with them.
came companies couple fairly inclined point surprised
Yesterday, a couple companies came in and surprised us. At this point in time, I'm inclined to take profits. I feel that we are fairly valued.
earnings market
Really, in the market today, the most significant mover is the earnings. If earnings do well, the market will do well, if not, then the market won't.
given market regardless riches seems
We've been given this embarrassment of riches where the market seems to want to go up every day, regardless of the news.
beginning camp early economic market saying seems
We're off to the races, and the market seems to be saying that we're going to see an economic recovery. I'm in the camp that we're beginning to see early indications of an economic recovery.
baby bear classic extreme feeling hearing interested investors levels lining market panic retail sales saying silver throw
We are experiencing these extreme levels of fear, with investors saying that they are not interested in hearing any positives, like the retail sales this morning, and that they want to throw the baby out with the bathwater. The silver lining is that this kind of panic is historically the classic feeling when a bear market is at its bottom.
cash digestion direction momentum period sitting today
Today is a digestion period after yesterday's rally. I don't see a big follow-through. But the momentum suggests that the direction is up. There's a lot of cash still sitting on the sidelines.
bear lull market month rather trend
I do think this is a lull in the market rather than a new bear trend. One month does not a trend make.
cheering depression euphoria people represents spectator stands team view war wrong
This has really become a spectator sport. When your team is up everyone is in the stands cheering and when your team is down, people are on the sidelines. But euphoria about the war going right and depression about it going wrong represents a very short-term view of the market.
beat companies continue earnings economy estimates happy market picks seeing start unless
The market has been happy with the first-quarter results, but why? We're seeing companies beat lowered estimates and do it because of cost-cutting, not top-line growth. Unless the earnings start to improve, the economy picks up, this market is going to continue to be too richly valued.
concern global interest investors middle problem wait
The economy's problem is not interest rates; it's that there is this global concern about terrorism. In this scenario, investors and risk-takers are saying, 'Why should I get in the middle of this nonsense; I'll wait on the sidelines'.