Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.52

+1.5%

1:12 PM EST

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To: carranza2 who wrote (121058)	6/27/2002 4:59:11 PM
From: Art Bechhoefer	Read Replies (3) of 152472

Richebacher seems to be misinterpreting historical data. There are many differences between the markets now and in the 1920s and 30s. The Q & A is quite self serving, which makes me even more skeptical. It's useful to put things in historical perspective, but the parallels one seeks to draw are not always perfect. Just one example: In 1929, there was virtually no regulation of the markets whatsoever, and there was so little understanding of the impact of monetary policy and fiscal stimulation that the Hoover administration took actions that made the situation even worse. Not intentionally, of course, but they simply didn't know what they were doing. Now maybe there IS a parallel between that and the present! Art

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