Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.20

-3.3%

Nov 6 3:59 PM EST

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To: marginmike who wrote (105316)	9/21/2001 1:22:27 PM
From: Rocket Scientist	Read Replies (2) of 152472

War and the Stock Market aei.org "Stocks fell sharply as trading reopened this week. That was to be expected. The classic pattern in nearly all American traumas is for markets to drop swiftly, continue to fall for a while, then recover powerfully. For example, the Dow Jones Industrial Average fell 2.9 percent on the first trading day after the attack on Pearl Harbor on Dec. 7, 1941, and another 11 percent over the next four months. But the Dow returned 20 percent in 1942 and then doubled over the next three years. Similarly, stocks dropped 14 percent in the two months after the Aug. 2, 1990, Iraqi invasion of Kuwait, then rallied 31 percent in 1991." <snip>

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