We're so stretched out, so oversold at this point, that we have no idea what a potential snap back could be. This is like a hot, dry forest and one good spark is all we need for it to really take off.
More Quotes from Ram Kolluri:
This is a very preliminary report, and it will surely be revised downward in the neighborhood of 5 or 5.5 percent, but even that is extraordinary, coming off of last quarter's growth, ... People know that it will be revised downward, and so maybe they are a little cautious today, but you need to look at the longer-term implications of this.Ram Kolluri
The earnings growth is a positive. The problem is that the ten-year note yield is currently standing at 4.85 percent and is pushing toward 5 percent and our friends at the Fed are not telling us when rate hikes are done.
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
The economy's problem is not interest rates it's that there is this global concern about terrorism. In this scenario, investors and risk-takers are saying, 'Why should I get in the middle of this nonsense I'll wait on the sidelines'.
Ram Kolluri
Earnings season is finished, and the economy is taking this one step forward, one step back path. I'm looking for us to be in a holding pattern at least through the rest of February.
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
Readers Who Like This Quotation Also Like:
Based on Topics: Potential QuotesYou can be a good neighbor only if you have good neighbors.
Howard Koch
The Covenant of the League of Nations had envisaged sponsoring only the protection of certain categories of men: national minorities and populations of territories controlled by other countries.
Rene Cassin
I think like a genius, I write like a distinguished author, and I speak like a child.
Vladimir Nabokov