Ram Kolluri Earnings Quotations

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.

Really, in the market today, the most significant mover is the earnings. If earnings do well, the market will do well, if not, then the market won't.

We're reeling. Everything is up on the table and we are going to be under this cloud for a while. For a long time, people have been so focused on earnings that corporate America realized that they can get away with playing games with the balance sheet, and now it's catching up with them.

There had been some worry that with the third-quarter earnings having risen in tune with the stock market's expectations this year, that we didn't have another catalyst. But now we see that that's not necessarily the case. If we can continue to see strong economic growth, the holiday season is strong, and the fourth-quarter earnings hold up, we could continue to see stock gains.

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.

Definitely, there is a turning around of the ship here. Earnings are improving and investors are starting to respond to that.

The market has been happy with the first-quarter results, but why? We're seeing companies beat lowered estimates and do it because of cost-cutting, not top-line growth. Unless the earnings start to improve, the economy picks up, this market is going to continue to be too richly valued.