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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 3:59 PM EST

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To: limtex who wrote (103081)8/21/2001 7:13:53 AM
From: Jeff Vayda  Read Replies (1) of 152472
 
Limtex: all this put/call ratio info is a total joke. The only ratio that has any significance is how business is doing, whether orders have picked up etc. Until hat happens the stcoks will be useless as investment and people won't buy them.

True words. But you need not be in the market as an 'investment', MM is clearly a 'trader' here and doing quite well. As a matter of fact, this is the best time for a trader, nice swings around a center. (wish I had the touch...)

As for If Mr Greenspan and his pals at the Fed are willing to own up to the awful damage that their absurd obsession with the NAZ has caused and they take off the brakes then perhaps business will start to pick up. If they don't then business will get worse. At this stge you do not need to be a genius to work that out.

I think it naive to look at one item in this very complex world and think that it is the driving factor. There is simply too many inter relationships to have one stand out as the primary catalyst each and every time. Yes, AG put some water on the fire - look what happened. Had the bubble not burst, we could have well had a conflagration.

Finally, Actually I am beginning to believe that we have another 36 months of this till Nov 04 and then and only then we will get a new administration that will produce a "New Deal" or the equivalent and take concerted action to reflate the World economy.

Those "New Deal" days are over, America neither has the will nor ability to spend the world right. There are cycles in the economy. Accept that and you might be able to sleep better. (and maybe even profit from your 'investments'.)

Jeff Vayda
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