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.
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.
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.
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.
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.
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.