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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

3:59 PM EST

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To: Caxton Rhodes who wrote (24496)	3/20/1999 3:31:00 AM
From: Maurice Winn	Read Replies (3) of 152472

200/2/2000 Hay Caxton! That was just in confidence. Oh well, now that James Glassman and Kevin Hassett at the American Enterprise Institute have made my Dow 16,000 by Feb 2002 look positively pedestrian with their Dow 36,000 prediction, we might as well have something else to think about. Mqurice PS: Mr. Glassman is a fellow and Mr. Hassett a resident scholar which I suppose means they have almost as much idea of funds flow as Jon and I do. This funds flow stuff is a doddle. Glassman and Hassett did go a bit off track when they said that investors now are smarter. I think that's a stretch when you read 80% of the posts in Yahoo! and all over the place. It seems more a case of 'if you have money, buy stocks'. Which is a fairly easily remembered rule of thumb which even a 6th Dan HDTV racing and tail-fin striped remote holder could remember long enough to phone a broker. They've seen fivers turn into tenners long enough to know it's better than other forms of gambling. Check out Amazon and internet stocks as examples of the 'double your money' greater fool theory in action. I doubt that they have done a DCF using Against the Gods risk analysis with relativity-valued expanding money supplies and orthogonal comparisons with interest rates in The New Paradigm. Glassman and Haslett just wanted to outbid my 16,000 which was predicted way back at Dow 4500! Easy for them now that the Dow is racing through 10,000. It's too late for a full-fledged funds flow rant just now, though the urge rumbles like the magma chamber under Lake Taupo.

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