Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.33

-1.0%

Nov 25 3:59 PM EST

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To: Skeeter Bug who wrote (66219)	2/8/2000 9:00:00 AM
From: marginmike	Read Replies (2) of 152472

Skeeter this is NOT 1929. We have a Federal reserve with a clue, we have a much broader base of investor. There is no doubt that at some point we will have a scarry nasty correction just like in 98, and 87. However I could argue the reverse point at how quickly stocks like MSFT, INTC, NOK etc recovered after those 30% corrections. Do not forget the 1929 crash would not have been as severe if not for very poor federal Government reaction, and fiscal policy. If you use Japan as a better Example its taken 10 years to get certain stocks back to 1987 levels, and that was coming from a much higher mania. I am not saying that is an imposibility. However I feel it is unlickly at this juncture. I am a believer in the demographic components that are driving this market(the same that drove the one in the 50-60's). We still have some gas in the tank. I critisize the messenger because his IDOL is Bill Fleckenstein. This guy has been terribly irresponcible, I have personally corresponded with him and speak from personal experience.

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