The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: carranza2 who wrote (869)	8/15/2007 12:29:24 PM
From: Art Bechhoefer	Read Replies (2) of 9129

a Dow 10,500 sometime next year You've provided a number roughly 30 percent below recent levels. What would be your basis for predicting that much decline? An outright recession (negative GDP for several quarters)? A terrorist attack in the U.S.? Anything's possible, of course, but, short of a recession and an outright domestic terrorist attack, I fail to see anything that would justify that much pessimism. On the other hand, I don't see much, if any increase in average corporate earnings either, so I could accept a market correction in the neighborhood of an additional 4 or 5 percent. That is a far cry from 10,500. Give us some details, or some basis for your view. Art

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