In the last few months, there's been a lot of volatility. I look for less volatility in the markets. And I look for the leadership to evolve to the following areas -- where the rates stay in check - the banks, the utility stocks - those do very well, and financial services and utilities. And the second area that I would look for to do better would be companies with real earnings but relatively low multiples, and examples of those are the communications companies and semiconductor stocks,
More Quotes from Subodh Kumar:
Market players are very reluctant to make strong commitments until they get signals that operating earnings are starting to improve.Subodh Kumar
Generally, I don't think it will be a damper on earnings. There are some things you can measure like near-term revenue loss because restaurants have been shut off and stores have been shut off. But if you look at previous disasters like Hurricane Andrew, the expenditure on replacement of homes and capital goods and spending on things like supplies for workers was quite strong.
Subodh Kumar
Clearly the market's focus is on the technology side of things ... the Nasdaq is down somewhat and, really, the major U.S. indices have been treading water,
Subodh Kumar
If you look at things in a one- or two-year time frame, they are not as bad as they seem but executives are emphasizing the here and now.
Subodh Kumar
Very high short interest numbers could be a positive for the market since it suggests this market rally was not expected by bears. If the market has recovered, then people have to cover their short positions, which means there will be more buying power.
Subodh Kumar
I don't buy the Wall Street argument that capital spending won't come back anytime soon because of overcapacity.
Subodh Kumar
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