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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

Nov 26 3:59 PM EST

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To: qdog who wrote (9481)	4/1/1998 8:13:00 AM
From: limtex	Read Replies (2) of 152472

......and on top of that Mr Grrenspan is on the point of increasing interest rates because the economy is too hot..... ...Hmmm if its too hot someone must be doing well... ....that must be companies and publicly held ones at that..... ....but "there's going to be a correction".....(in stock prices)... .....but companies are doing well ....... .....but there isn't a sniff of inflation anywhere and commodity prices are even historically very low.....therefore maybe Mr Greenspan won't put up interest rates.... This sounds like last year when Mr Greenspan sent the market into a tailspin by talking about "irrational exhuberance" ..can someone please remind us where the market was when he said that. Some of the old timers complain that the youngster have never known a bear market well some of the old timers havre never seen a global economy with no inflation or risk of bi-polar war. Thats not to say no-one's getting killed in wars but those are small wars not WWII type wars. Yes Bosnia and others but that's not global war and for the vast majority of human beings on the planet that makes a big difference. The World is basically at peace with no inflation and low commodity prices. No super power conflict and not much prospect of the Middle East oil producers blackmailing us again over oil supplies unless thay can get the Russians all agravated against us again. And last but by no means least .....no communists!!! And guess what the ex-communists are turning out to be pretty good capitalists!! All that Mr Greenspan and the other old timers nor any of us for that matter have seen before.The reality is that in in this scenario his guess is no better than Abbey Joseph Cohens and so far following her adivce has made money and being Greenspan cautious cost money to those who heeded him. So add that to the retirement issue and you get a market which shows no sign of a long term downturn. You pays your money and you takes your choice ....what does AbeY Joseph Cohen have to say this month.....disaster??? ....I don't recall it that way. L

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