I do think this is a lull in the market rather than a new bear trend. One month does not a trend make.
More Quotes from Ram Kolluri:
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.Ram Kolluri
Most of the bad news and pre-announcements are out of the way. What we really need now is guidance that says revenue growth is on the way. Corporations have done everything they can to cut costs, now we need to see that growth.
Ram Kolluri
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.
Ram Kolluri
The earnings growth is a positive. The problem is that the ten-year note yield is currently standing at 4.85 percent and is pushing toward 5 percent and our friends at the Fed are not telling us when rate hikes are done.
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
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'.
Ram Kolluri
Readers Who Like This Quotation Also Like:
Doing the right thing for someone else was like a tonic for me; it was like some magic ointment that made a wound disappear.Susie Bright
I believe that the great painters with their intellect as master have attempted to force this unwilling medium of paint and canvas into a record of their emotions.
Edward Hopper
Books that have become classics - books that have had their day and now get more praise than perusal - always remind me of retired colonels and majors and captains who, having reached the age limit, find themselves retired on half pay.
Thomas Bailey Aldrich