At the Congressional hearings next week, there will be a lot of noise about the Bush administration's budget, the budget deficits and Social Security, as well as talk of interest rates.
More Quotes from Ram Kolluri:
The street was expecting a strong confirmation from Wal-Mart saying, 'Yes, we had a terrific Thanksgiving sales,'Ram Kolluri
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.
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
What concerns me is that the weakness in equity markets predates the war. The travel industry is having major problems, natural gas prices remain stubbornly higher and earnings growth has been very sporadic, ... The war is going to be a much longer and more involved process than people think. We are going to be under the gun, even when the conflict itself is over. If we don't see a dramatic recovery in earnings and a drop in oil once the conflict ends, these rallies that we have now won't be meaningful.
Ram Kolluri
There is the possibility that some of these big companies have been biding their time and could spring a few positive surprises towards the end of the quarter.
Ram Kolluri
Readers Who Like This Quotation Also Like:
Based on Topics: Budgeting Quotes, Security QuotesNewspaper editors are men who separate the wheat from the chaff, and then print the chaff.
Adlai E. Stevenson
Salad bars are like a restaurant's lungs. They soak up the impurities and bacteria in the environment, leaving you with much cleaner air to enjoy.
Doug Coupland
Fame was thrilling only until it became grueling. Money was fun only until you ran out of things to buy.
Gloria Swanson