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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.05+0.6%3:59 PM EST

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To: straight life who wrote (12054)7/6/1998 7:55:00 AM
From: marginmike  Read Replies (2) of 152472
 
Thachi much like with the current stock market dow index, the Art market has not nearly hit its high but certain high visability items have indeed reached lofty prices. However as an overall market it has not nearly caught a full head of steam. As In the NYSE and Nasdaq there are plenty of bargains to be had. As with Yahoo and msft, in ART the herd mentality is pushing prices up things such as VanGough and Impressionist, and Belle Epoque paintings'
, whille many important 20th century artists are selling at all time low prices. For instence Jean Dubuffet, F Stella, Riopelle etc. I would argue that the art market is at 30-40% of its top. It has a few years left in its current cycle. Remember that in 1987 when the market crashed the art market kept going until 1991. Thus I feel that
art as a collectible is a pretty good hedge against are current ecconomic situatio, as well as a hedge if inflation re-appears.
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