Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (19675)	6/12/2002 7:03:48 AM
From: Maurice Winn	Read Replies (1) of 74559

<get a load of this guy's pile who may have had something to do with your faith in the Q,> Jay, he had nothing to do with it. His leading of the marauding hordes into the telecosm and QUALCOMM almost caused me to sell it all [wish I had] because they'd bid even Mighty Q too high too soon. But I decided to ride through the trough [not thinking things would go as badly as they did - Globalstar was a big crash]. I was interested [and amused] to read the replies to GG. Many of them were dopey. The downsiders are starting to seem like the irrationally exuberant upsiders were last century. I've disagreed with GG on several things, including his disparaging of my idol Uncle Al for running a tight money policy a couple of years ago. I say Uncle Al has done it right. I expect quite fast and merciless interest rate rises [from the point of view of the heavily indebted though savers like Microsoft and QUALCOMM will earn a lot more interest] once the markets seem stable. Then again, with no inflation, he might be tempted just to let things run with low interest rates. We'll see. Mqurice

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