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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.07+2.6%Dec 3 3:59 PM EST
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To: marginmike who wrote (92958)1/30/2001 11:17:21 AM
From: marginmike  Read Replies (1) of 152472
 
I will not re-invest until I believe the economy, and this down cycle has ended. The Naz still sports a 90-100pe which is about 30% higher then it should be. I am in the minority who think Fed cuts will help carry us here for a few quarter's but the recession will not be soft, and big boom's end with big Bust's. The fed will fail this time. If naz peeks above 3600 and REAL economy turns I would rather get in later then try to catch bottoms. Between trading and interest I will due 8-12% this year which is fine by me!
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