Today is a digestion period after yesterday's rally. I don't see a big follow-through. But the momentum suggests that the direction is up. There's a lot of cash still sitting on the sidelines.
More Quotes from 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 back to the wonderful world of optimism. You have to be cautious what you do here. The question is 'Are we getting ahead of ourselves'. Will we see some volatility You bet.
Ram Kolluri
It didn't look like anything much was going to happen in the middle of the election rhetoric, but we ended up seeing a pretty good advance after all.
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
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.
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
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