Higher energy prices, new fears of terrorism, some profit taking after the previous rally -- all of that is why we've come back from the late January, early February levels.
More Quotes from Ram Kolluri:
In the spring, the worry was that the economy was slowing down. Now it's summer and we can see the economy is on track and earnings are looking good.Ram Kolluri
Earnings estimates are really, really weak -- and the focus really is earnings. In October, a rosy picture was painted for 2003. Now people are saying the second half will be good. I'm very, very leery about the economic condition. Come July, August, I'm afraid the earnings estimates will be cut.
Ram Kolluri
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.
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
This war situation is getting out of control. Buyers are on strike. Six out of the last eight weeks have been down. The action is completely emotion-driven.
Ram Kolluri
Some sectors like retail are bracing themselves for a slowdown in the economy in the second half. So you can see some of the weakness in retail stocks. But corporate earnings are looking good. They are afraid of the Fed and that is still in the minds of people. Once burned, twice shy.
Ram Kolluri
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Based on Topics: Terrorism QuotesMy parents regarded school teachers as higher beings, as did many immigrants.
Martin Lewis Perl
I am a good Protestant, and in the full sense of the term, for from the bottom of my soul, I protest against everything that is said, and everything that is done.
Pierre Bayle
There is less danger in fearing too much than too little.
Francis Walsingham