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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 182.19+3.5%3:59 PM EST
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To: Keith Feral who wrote (108041)11/6/2001 6:01:31 PM
From: Wyätt Gwyön  Read Replies (1) of 152472
 
the FED jsut cut short term rates for a tenth time. This is not a market to short.

the FED cut interest rates ten times but the economy fell into a recession in spite of the stimulus and jawboning of the government and Wall Street pimps. meanwhile, all the trashy momo stocks kept going down. when extra liquidity fails to stimulate, you have a liquidity trap as identified by Keynes. it's called pushing on a string and bears a certain resemblance to the early 1930s as well as recent history in Japan.
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