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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: Jim Willie CB who wrote (45000)10/15/1999 7:10:00 PM
From: marginmike  Read Replies (2) of 152472
 
"dont forget Treasury Bonds came off their rate highs today
that is significant"

That was due to a flight to quality, not fundimental improvements. Even Larry Kudlow is now preaching that rates must rise. Though the bond might not go up it aint going down anytime soon. This market is in a rolling correction which is 2/3rd's of the way through. Unfourtunatly high fliers who have held till know are next on target. INMO that includes the Q, SUNW, MOT, etc. The reality is we are all trying to fight the tape and the fed. That is a bad Idea. I think it is irrelevent in the short to 6 month term. I think the market will close arround where it is now
on DECEMBER 31
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