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

To: marginmike who wrote (37877)	8/10/1999 6:16:00 PM
From: jmac	Read Replies (1) \| Respond to of 152472

The NAZ has tanked. Down 13%-14% in just 3 weeks. I believe S&P is down 9-10% in same timeframe with the DOW holding up only down 5-6%. I believe 10400-10500 holds but that is just a hunch. there is a lot of nervous money out there and the big players are on vacation.

To: marginmike who wrote (37877)	8/10/1999 6:50:00 PM
From: LindyBill	Respond to of 152472

Does anybody get the feeling that this market is really going to TANK MM. the tech gorillas have been making their numbers. I see no reason for a tech tank. The overall market is in the summer doldrums, as usual. There is no big cloud on the horizon. I get the feeling from reading your posts the last few months that you are negative on the market right now. I am not. Hey, that's what makes a market! :0)

To: marginmike who wrote (37877)	8/10/1999 6:59:00 PM
From: KyrosL	Respond to of 152472

I think the market is going down by at least another 10% if not more. Relative to bonds it's overvalued by at least 30%. If S&P earnings are not as good as what everybody expects (and I don't think they will be), and the 30 year bond does not drop promptly below 6%, I will not be surprised to see DOW 8xxx and NAZ 20xx before year end. Longer term, long term interest rates will probably fall back below 5% and we will have another rally, once the economy inevitably cools and people realize that the main ingredient is the modern economy -- technology -- keeps inflation under control. Of course, Q is holding up surprisingly well, and I doubt it will fall below the 120s under any circumstances.