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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 169.39+0.8%10:57 AM EST

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To: Jeffry K. Smith who wrote (72530)5/26/2000 10:36:00 AM
From: Didi  Read Replies (2) of 152472
 
Jeff-re: irrational market

Yes, Jeff. Q's manic dumping has gone way too far in my eyes. T/A, fundamentals and common sense have been overridden by poor market psychology and irrationality.

So much cash on the sidelines. Nobody wants to be the first one to step in (thx, teach).

7, 8 rat(e) increases in an election year? Investors' hearts, pockets, and hopes have been clearly broken. Just look at the April's stat on consumer spending released this morning. Alan G's 6 consecutive tightening job has taken effect.

If it occurs, can the next hike be last and maxed @.25%? If so, guess where the current pile of cash is going to find its home. Massive exodus through the pinhole at once?

Sorry for the rambling. Just a viewpoint and thought, which I learned from the Berkshire Hathaway crowd.

Please stay calm, everyone. Despite this, have a good holiday ;-).

di
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