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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.69

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Dec 24 12:59 PM EST

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To: DaveMG who wrote (13010)	7/27/1998 1:52:00 PM
From: Ramsey Su	Read Replies (1) of 152472

Dave, yes, it is Barton, I thought there was something that did not look right about Martin. The next buzz word is going to be "reflation". Japan and most of Asia need reflation. US monetary policy has to ease but Greenspan cannot do it without sending the market to super exuberance. Can you imagine if he had said rates need to come down last week? We would be at DOW 20000 by now. The Japanese are stuck in a similar situation. They cannot start reflation without taking some extremely unpopular steps. So both governments are playing this "fool the public" game with the supposedly noble objective of ochestrating a somewhat soft landing. Ramsey

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