The street was expecting a strong confirmation from Wal-Mart saying, 'Yes, we had a terrific Thanksgiving sales,'
More Quotes from Ram Kolluri:
We've been given this embarrassment of riches where the market seems to want to go up every day, regardless of the news.Ram Kolluri
If we see improvements in earnings outlooks, some kind of resolution in the Middle East, and improvements in consumer confidence we'd see a significant rally. But, I don't know when that's going to happen.
Ram Kolluri
We've had a big stock run since hitting the lows last March. Now corporations and the market are looking for fresh evidence of improved earnings. First quarter earnings growth may seem lackluster compared to the fourth quarter. I think rather it will be the second-quarter earnings that impress.
Ram Kolluri
I do think this is a lull in the market rather than a new bear trend. One month does not a trend make.
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
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