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.
More Quotes from Ram Kolluri:
The earnings are coming out as expected, but these days there's a 'what have you done for me lately' attitude in the market.Ram Kolluri
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.
Ram Kolluri
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.
Ram Kolluri
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.
Ram Kolluri
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.
Ram Kolluri
I thought the recent sell-off in the equity market was somewhat overdone. I'm still in the camp that believes we will see a high-single-digit return for equities in total this year.
Ram Kolluri
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