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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

3:59 PM EST

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To: limtex who wrote (33587)	6/29/1999 8:15:00 PM
From: Rick	Read Replies (1) of 152472

"Well IMHO this is now the policy - whack the market. The FED just doesn't like the idea of the market. You can't like a market at one level and then say that because you think its too high you don't like it. That is what markets are all about." Great post! Have you noticed that the Fed's policy seems identical to the editorial position of such magazines as "Economist"? I.E. As the U.S. stock market is a bubble, it's ok to burst it now because things will only be worse in the future. This is not about the phantom menace of inflation, but high P/E ratios. Fred

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