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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Voltaire who wrote (44816)10/14/1999 9:18:00 PM
From: t2  Read Replies (1) of 152472
 
Voltaire, I agree. His comments will be ignored or create a buying opportunity.

How about this scenario:

First I would state that his statements are not a big deal.
What happens? "Flight to quality"!!!! This sends the bond yield downward in a big way. That means stocks start looking more attractive and the cash on the sidelines finally gets back in. It is a vicious cycle if you are a bear. <g>
IMHO, only when earnings stop growing might we face such selloffs. The selloffs he refered to were short lived.

However, i think he will be ignored as he doesn't have any credibility in determining stock valuations--sort of like some of the old time bears.
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