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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 156.55+1.6%3:54 PM EST

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To: Morgan Drake who wrote (28415)4/27/1999 7:45:00 AM
From: Maurice Winn  Read Replies (2) of 152472
 
Hay, Morgan, that's My Pal Al you're talking about. It might be that Congress requires him to go and talk to them. I suppose they are his boss - maybe in a roundabout way.

He seems to do a pretty good job of keeping the USA$ in a stable manner. Since it is no longer attached to anything to keep it in one place, it could easily spin out of control, so some care is needed.

I think where he, and most people, lose their understanding is the value of the USA stock market which is the primary manifestation of The New Paradigm [Qdog snarls under his breathe, Little Chicken looks nervously skyward]. It is a better measure of real value than the $, but both, in some weird virtual reality dance on which our real lives are hinged, are priced by the other. That is an unstable situation and a steady dancer is needed on the currency side. There is a crazy and wild collective making up the stock market side.

When you say that nobody wants to hear him blather on, you aren't quite right. I think a lot of people hang on to every word.

People are still very interested in the meaning of a dollar. He and his cohorts are the people who decide just what it does mean.

It's no bad thing that he open his mouth and see how far he can move markets. He should understand how much he can affect things. A bit of practise is a good idea.

Mqurice
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