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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.09+1.8%Nov 28 9:30 AM EST
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To: marginmike who wrote (70736)4/17/2000 5:00:00 AM
From: limtex  Read Replies (1) of 152472
 
mm If the US consumer dies, then so does the ASIAN and European recovery. Then where will the demand come to bid up goods? In actuality defaltion is much more freightening then inflation.

right on. as we sit the economy is perched between contiuing growth and recession or more likely deep recession. why deep recession ...simply becuase there has been great prosperity for a long time. Seems to work like that always overdoing it on either side. This has been the one of the greatest uninterupted periods of prosperity.

Another reason to believe a serious recession is onthe way is because yesterday the assembled finance ministers cameout and said to remain calm as the world economy was in great shape and growth would continue. These shmucks have a lot less idea than most people on SI and if they say it's day you can bet that its night.

CNN financial commentators saying this morning not to sell as its too late. Yeh right. Another piece of wisdom and then he goes on to talk about Greenspan increasing certainly by 25 bpts and maybe 50bpts.

We have now got to at least face the possibility of this thing not bottoming above 2,000. How many people or institutions are going to be buying in front of the Fed.

Best regards,

L
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