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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: candide- who wrote (66993)	2/16/2000 12:22:00 AM
From: Jim Willie CB	Read Replies (2) of 152472

I read that maintenance requirements were a mere 5-10% in 1929 for individual accounts entire house of cards were commonplace legitimate companies had illegitimate holding company subsidiaries which hold leveraged stock to the hilt the abuses were mindboggling any comparison of modern day stock abuses is silly but the LongTermCapMgmt fiasco was a true house of levers did anyone else see the Discovery Channel special on Black Merton Scholes and the LTCM fiasco? very well done one left out piece... Federal Reserve ill-advised spring97 rate hike which led to currency shifts which led to Thai bhat demise and their real estate collapse I maintain the Fed was a key cause of the Asian Meltdown I maintain the Fed has the power to destroy yearling economic recoveries in developing world, and to weaken a mature economic powerhouse the key question is: DOES THE FED BELIEVE THEY ARE SMARTER THAN THE CREDIT MARKETS??? fortunately, Greenspan remembers his error in spring97 if the Fed hikes twice more, we have a mild calamity in the making worldwide, starting with the weakest developing nations / Jim Willie

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