We've been given this embarrassment of riches where the market seems to want to go up every day, regardless of the news.
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
If there's military action, it's going to have to be soon. The heat is oppressive come March, April, May in that part of the world. In the desert it can reach 120 degrees. So I have a feeling something will happen in February.
Ram Kolluri
Most of the bad news and pre-announcements are out of the way. What we really need now is guidance that says revenue growth is on the way. Corporations have done everything they can to cut costs, now we need to see that growth.
Ram Kolluri
There is the possibility that some of these big companies have been biding their time and could spring a few positive surprises towards the end of the quarter.
Ram Kolluri
At the Congressional hearings next week, there will be a lot of noise about the Bush administration's budget, the budget deficits and Social Security, as well as talk of interest rates.
Ram Kolluri
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