Ram Kolluri
Ram Kolluri
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.
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.
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.
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.
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.
expecting line steps straight
This isn't going to be a straight line going up. It's going to be a two steps forward, one step back thing, ... But I am not expecting a big sell-off here.
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.
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.
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.
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.
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.
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.
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.