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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.54-1.2%3:59 PM EST
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To: limtex who wrote (71020)4/21/2000 6:21:00 PM
From: bdog  Read Replies (1) of 152472
 
Limtex, here's the big picture. The upside is that this a temporary Fed driven market. Almost all the FUD flows from the recent and anticipated rate hikes. Remember that Clinton re-appointed Alan well before his term was up. Why did he do that at that time? Remember, more than anything Clinton wants Gore to be elected (in the vain hope of salvaging his own reputation/legacy). More than anything Alan wants to avoid what seemed to be an inevitable crash and thereby be the Chairman who presides over the longest US economic expansion in history.

Shortly after being re-appointed Alan actively began to take down the bull with the first of his "new" interest rate hikes. Now that the bull is out and the bear in, the economy will certainly cool and any preliminary indicators of inflation will certainly be summarily crushed. This process will be complete before the summer is out. Just in time for Alan to ride to the rescue with the first of a series of gradual interest rate cuts to resuscitate the bull, revive the US economy and thereby give Gore his best shot in November.

If you have to sell you might as well do it now. If not hang in for four or five months. Happy days will be here again. Thanks to Clinton/Gore and their grateful pal, Al.
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