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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%3:59 PM EST
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To: Jon Koplik who wrote (14966)9/14/1998 12:08:00 AM
From: DaveMG  Read Replies (1) of 152472
 
Jon,

Well first of all, as I'm sure you're aware, a reduction from 0.5% to 0.25% is in fact a 50% reduction, albeit from a very low rate. Seems they have their backs to the wall in this regard. Along the same vein then, what makes people think that a reduction from a fed rate of 5.5% to 5% or 4.5% will be enough to reinvigorate those economic juices if we start to slow dramatically along with everybody else?

dave
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