Ram Kolluri
Ram Kolluri
earnings economy holding looking pattern rest season step taking
Earnings season is finished, and the economy is taking this one step forward, one step back path. I'm looking for us to be in a holding pattern at least through the rest of February.
continue earnings economic hold holiday risen season stock strong tune worry
There had been some worry that with the third-quarter earnings having risen in tune with the stock market's expectations this year, that we didn't have another catalyst. But now we see that that's not necessarily the case. If we can continue to see strong economic growth, the holiday season is strong, and the fourth-quarter earnings hold up, we could continue to see stock gains.
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.
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.
basically buying corporate earnings indication individual investors picking sideways spending trading until
Basically we're trading sideways until there's an indication of corporate spending and of earnings picking up. Institutional investors are buying and selling, but the individual investor is still on the sidelines.
billion component demand fiber globally materials networks nice optical people raise supply year
SDL is a component supplier. They supply a lot of materials to Nortel Networks and they're a nice story in the optical fiber equipment, ... ... optical fiber investments will raise from 3 billion in 1999 to approximately 15 billion in 2003. Globally the demand is going to be $40 billion for year 2003. And these are the people who are going to supply all the equipment.
almost bit excuse looking market money nearly sell
Short-term, the market is looking for an excuse to sell off. Year-to-date, you've got the Nasdaq up almost 46 percent, the Dow up nearly 20 percent, the S&P 500 up 22 percent, and there's a bit of a 'take the money and run' sentiment.
dramatic expect headline looking market rally return strong supported total track
We're looking at the headline news, but the market is being supported by the girders of the economy, a basic, strong foundation, ... I don't expect a dramatic rally from here, but we are very much on track for a high-single-digit, low-double-digit total return for the year.
action buyers eight last situation six war weeks
This war situation is getting out of control. Buyers are on strike. Six out of the last eight weeks have been down. The action is completely emotion-driven.
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.
market needs selling
It's not the end of the run. The market needs a breather, and that's what the selling is about.
best economy ignore market picking report services stock tale wants worst
It's like (Dickens') 'A Tale of Two Cities,' 'it was the best of times, it was the worst of times,' ... If you get away from the stock noise, the economy is recovering, manufacturing is picking up, you've got the services report this morning. But the market just wants to ignore this information.
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.