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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: waverider who wrote (14298)8/30/1998 6:49:00 PM
From: Jon Koplik  Read Replies (2) of 152472
 
Diamond H - you said ... And don't bother me with the perspective that the market is wrong. People make careers fighting the market and losing their shirts.

Well, maybe in the stock market, but I can give you examples from the futures markets (some where I personally had my own funds involved on a large enough scale so as not to be trivial) where one can definitively say that the market was just plain wrong.

Also, just in general, after having caught up with a few hours worth of "Oh my God, it's all over (or soon to be all over)" posts -- you know, the stock market is still not really down that much. (I am aware that lots of small stocks are down very large percentages). Do you people know what went on in 1973-1974?

It was so much worse than now that it is ridiculous.

Jon.
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