The market has a split personality here. I am personally not convinced of anything. This is a deeply oversold condition that's long overdue for a technical bounce. Valuations in the equity market are not compelling. The market is starved right now for some decent news.
More Quotes from Ram Kolluri:
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.Ram Kolluri
And unfortunately, this group probably has more digestion ahead of it.
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
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
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
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesKnowledge about life is one thing; effective occupation of a place in life, with its dynamic currents passing through your being, is another.
William James
He that is jealous is not in love.
Saint Augustine
I think the set looks great. It's kind of like Battlestar Galactica meets like the Italian furniture fair.
Thom Filicia