Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.19

+3.5%

Dec 10 3:59 PM EST

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To: Keith Feral who wrote (108041)	11/6/2001 6:09:56 PM
From: pcstel	Read Replies (2) of 152472

Keith the FED jsut cut short term rates for a tenth time. I guess 10th time is the charm.. But of course this rate cut will be as ineffective as the other 9 before it.. The previous rate cuts helped prop up the market because their was the confidence that sooner of later.. The Rate Cuts would take effect... So far... They are all "no shows".. Now they start to back it up against a wall.. Only another 2% left.. When that is gone... Hello Japan.. IF 2.5% interest rates didn't do any good.. Then 1 % interest rates won't do any good either.. It's the concept of diminishing returns.. It's like having a Six Shooter when a Raging Bull is headed toward you... You feel pretty good when you have Six Bullets, Then Five, Four, Three.. But, by the time you only have two left.. And the Bull continues unabated.. Then you start to get a little worried.. When you only have one left.. You start looking around for a way out... They will all start to panic... Becuase their is the fear that the Fed can not fix it this time... PCSTEL

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