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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (37108)	7/25/1999 10:38:00 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 152472

JohnG, agree almost totally with your comments my horizons are too short, my emotional distress too great with shorterm movements against me... hard to reenter often believe small successful telecoms might outperform Q at this point... but want to develop a core holding in Q for retirement, not trading sorry for TECHNICALLY CLUELESS comments... been thinking, and TA is not entirely relevant for some people... MSFT, INTL, CSCO have had several instances where they dropped over 20%, with MSFT maybe none... hmm, I wonder on October... this autumn might be different... two reasons: first is the huge emergence of online traders who have lightened up on mutuals and tend now to rescue declining stocks, resulting in a smoother ride to the surprise of many... second is the y2k historically significant inventory buildup which will not wind down and may accelerate, resulting in high rates of production for all kinds of companies and increased economic activity has anyone noticed that Greenspan's central tactic is now "talking to Wall Street indirectly"??? he will not raise rates with y2k approaching and elections coming... the only wrong call I have made on Greenspan was the spring 1997 hike... didnt expect it, didnt agree with it, and it led (not all by itself of course) to the Asian currency meltdown and problems in emerging economies... basically Greenspan's new strategy is to confirm changes made in the shortend of bond market, and promote laissez faire... he is successful in managing monetary policy because he largely leaves it alone with exception of spring97, thus requiring his fall98 easing (from Thailand to LTCM in 18 months)... that sequence of easings in '98 was a surprise, not a wrong call for me... now one hike has been reversed... Greenspan managed to install his policy into the bond market with carefully selected comments I maintained in 1997 and early 1998 that the greatest danger to the economies of the world is continuing to fight inflation, while the threat was deflation... if we continued to vigorously fight the ghost of the 1970's, we would expose our backs to the unclear threat of deflation, which we have zero experience in fighting later, jim