Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.77

-4.2%

3:59 PM EST

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To: jmac who wrote (38241)	8/18/1999 10:35:00 PM
From: Kayaker	Read Replies (1) of 152472

Everyone expects the .25% increase. so, what takes the market down? The market has been going up for the past week and we're heading into a rate increase on Tuesday, so I'd be amazed if the market didn't go down. Yes, ¬% is expected, but once that is accepted, folks worry about the possibility of a «% increase. If that is dismissed, they worry about the fed setting a neutral vs positive bias. If they stop worrying about that, they start looking to the possibility of another increase in October. Bottom line, the market hates uncertainty. I expect weak til Monday, then 4-5 weeks of UP, starting Tuesday, once the Fed announces. Same as June.

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