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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: limtex who wrote (9538)4/1/1998 8:37:00 AM
From: Sawtooth  Read Replies (2) of 152472
 
L: <<This sounds like last year when Mr Greenspan sent the market into a tailspin by talking about "irrational exhuberance">>

Interestingly, Mr. G. was referring to the Japanese markets when he made this statement, shortly before the banking/brokerage meltdown started over there. The "i. r." phrase got cut-and-pasted by the press and misinterpreted as applying to the US stock markets. (Source: synopsis of Mr. G's presentation with comments; Bloomberg Magazine - around the new year, sometime. I believe this was pointed out in the article by none other than Ms. Cohen, herself.) ...Tim
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