Ram Kolluri
Ram Kolluri
earnings improving investors respond ship starting turning
Definitely, there is a turning around of the ship here. Earnings are improving and investors are starting to respond to that.
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.
cautious check exactly felt rally reality somewhat
I'm somewhat in the cautious camp. The rally may continue, but this is exactly how we felt in 1999 and 2000 before we started questioning earnings. I feel there is going to be a reality check somewhere.
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.
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.
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.
bargains companies decent good ignoring money peak people regardless throwing
At the peak people were throwing money at anything, regardless of the fundamentals. Now you have the opposite. There are good companies and some decent bargains out there, and people are completely ignoring them with all this panic.
communication heart
Their story is programmable chips. When you get on that cellular phone, you want your high-speed communications and everything else. They are the heart of cellular communication devices, these programmable, customizable chips.
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.
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'.
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.
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.