Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.02

+3.7%

Nov 5 3:59 PM EST

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To: marginmike who wrote (91211)	1/4/2001 12:10:16 PM
From: Bruce Brown	Read Replies (1) of 152472

In 1929 fed cut from 5% to 3 1/2% didnt do much good. In Japan Rates were cut NO DICE and in 1973 after first cut market S&P sold of 23%. The economy from 73-81 wasnt so hot either, not to mention the Inflation problem. Well, I did say after WW II in my post to you. So you can strike the 1929 and following great depression from the data list. I'm well aware of what the economy was like in the 70's. That's when I began investing against the wishes of my family and my broker. In the 70's, interest rates were in the teens. Half the kids in my high school class contemplated dropping out of school to work in the oil fields for $10 - $15 an hour. CD's were paying annual returns that would make any long term investor euphoric. Not so today in terms of CD's. How do you qualify Japan's economic conditions and policy as being equivalent to the US policy under Greenspan's watch? Do you think there is an exact comparison to be drawn? BB

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