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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.23-0.6%Dec 22 3:59 PM EST
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To: Voltaire who wrote (43395)10/5/1999 3:29:00 PM
From: 16yearcycle  Read Replies (2) of 152472
 
This was the riskiest thing the fed could have done, imo. They might as well have come out and said that there isn't enough inflation to raise rates, but we do want to pop the stock market balloon just to be sure. Wall Street will hold its collective breath on every economic report from now until they drop this bias or there are VERY clear signs of the economy slowing. They Fed will drag it out as long as they can, hoping the market does what it has the past 6 months: go sideways.

The good news is it will continue to be a stock pickers market.
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