Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.82

-1.3%

Jan 23 9:30 AM EST

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To: Kayaker who wrote (38473)	8/23/1999 9:34:00 PM
From: Kayaker	Read Replies (1) of 152472

OT - Where next for the market? This is getting vewy intewesting. In June, the market headed down until the day of the Fed meeting/rate increase. Then, straight up until the middle of July earnings. Then, a selloff in the middle of earnings -- a pattern that has been repeating quarter after quarter. This time, the market bottomed on Aug 10th and has been heading up ever since (more or less). It seems this time, folks have been anticipating the post-Fed-rate-increase rally. I have no doubt there will be a September rally going into October earnings, but I find it hard to believe it started on August 10th. That rally would be too long IMHO. Heck, the DOW is at an all time high today. So now what? Seems to me we'll get a pullback between now and mid September. What will be the event that causes it; the Fed increase tomorrow? Puzzled I am.

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