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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: Poet who wrote (65393)1/31/2000 9:18:00 AM
From: marginmike  Read Replies (2) of 152472
 
Poet I do not believe this has ANYTHING to do with the fed or the meeting. Everyone is expecting a .25 raise and that is what will get. However what is in effect is the usiall post Earnings Lull, combined with draining liquidity. There is simply less money and more IPO's this week. Thus supply is outweighing Demand. This is compounded by the HUGE gains we had in Dec caused by increased liquidity and reduced IPO's. We are paying back some of our gains from December. I think we will be in rough waters until IPO"S slow, and Earnings are on Horizon again. However the bull market is intact. I am looking for a serious correction to allow steam out of the engine. The Fed stuff id just markets excuse.
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