Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.03

+1.0%

Nov 24 3:59 PM EST

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To: marginmike who wrote (41442)	9/16/1999 1:44:00 PM
From: Jim Willie CB	Read Replies (2) of 152472

MMike, in 1987 interest rates went up about 3% from August to end of September, while S&P climbed something like 10%... hard to recall exactly... I watched mortgage rates back then... in 1999 late April and early May rates went from 5.5% to 6.2% quickly... that hurt both Dow and Naz by late May rates have been stuck in the 5.8% to 6.15% range since May... meanwhile as rates quieted, the Dow went after new highs and so did Naz... in the last week or two, the weight of the USdollar (which doesnt seem to be able to stage a recovery) seems to be too much for stocks... we need foreign participation to sustain a move to new stock index highs very different stories between 1987 and 1999 / jim

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