Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.12

-1.8%

3:59 PM EST

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To: marginmike who wrote (90272)	12/15/2000 11:12:36 AM
From: limtex	Read Replies (1) of 152472

mm I didn't see cnbc today. who did they wheel out? well i think the houses are getting scared. they wheel out barton biggs of all people to say that the market is over sold!!!!! Still there are people who think that there is no need at the moment for a rate cut!! I don't think that these people realizejust how fast the world economy can fall apart. Only two weeks ago the MSFT cfo was at a conference in NY and said that the US business was OK but they had in the past two weeks noticed a massive drop off around the World. I posted about that comment on this board only a few days ago. I never put two and two together. There again neither did anyone else. But as the US goes from 6% growth to negative GDP in two qtrs this is why itis falling apart in front of our eyes. I really don't think any of us quite realized that we were about to be hit by an economic Tsunami. The only humour in all this is the Bush supporters. His father lost becuase of a recession and now in comes another Bush with the biggest economic crash in history. In a few months after people have forgotten the election I don't think his popularity ratings will be up in fact I figure they will follow the NAZ, what will be up will be unemployment. Still think Mr G wants to break the NAZ spirit. He needs to remove peoples expectation that stocks rise. If he doesn't when he cuts the NAZ will recover and he will not allow that. He views it as fundamentally bad for the Country and the economy. I think he is fundamentally wrong becausethe NAZ provides the funds for a lot of new tech companies the fuel grwoth in productivity and so on and so on. Stop the process and it unwinds very unpleasantly and as we are seeing very quickly. Best regards, L

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