Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.97

-2.8%

1:53 PM EST

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To: waverider who wrote (121981)	7/23/2002 12:10:39 PM
From: qveauriche	Read Replies (2) of 152472

Thanks for the reply. I think you've identified the $64000 question. I referenced in an earlier post the most recent data showing that incomes are rising faster than spending as possibly suggesting that current levels of consumer spending were being sustained by income rather than stock market wealth. Do you know if any data exists which compares in a given month a reliable estimate of after-tax consumer income to consumer spending. Since the gov't is able to calculate % increases in these numbers surely they have information concerning the numbers themselves. I'd be really interested to know whether the correlation between spending and income is out of kilter with historical averages. I think that would be a much better indicator of the sustainability of consumer spending than the stock market. I asked a few days ago if anyone out there (excluding shorts) was still living large on the money they made in the stock market? No one has come forward yet. I imagine for the great majority of consumers they haven't for some time. We do agree that he sustainability of the consumer is absolutely essential, and I am very worried about it. Like so many others, I am weighing a calculus of fear at this point. On one side of the scales is the fear of a depression or an extended bear. On the other side of the scales is the fear of selling near the bottom after having hung on for so long. We hear lots of good arguments both ways. Being right on this may well be crucial to the financial well-being of those who look to us. It is a heavy responsibility,and every day the uncertainty continues is another day at least partially wasted to varying degrees of anxiety and stress. It will end some day, one way or another, and our expectations will gradually adjust as a result. Tranquility will be more readily attainable than it is now. That, if nothing else, is something we can all look forward to.

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