Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cfoe who wrote (66008)	2/3/2000 10:43:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

cfoent: I think we need to look at the 10-year note as the new benchmark. Most of the world's economies don't even issue 30-year paper, so we would be in tune with the rest of the world. That being said, the Fed is going to continue to raise rates IMO. The only caveat to that is what was stated today on CNBC. OPEC may raise oil production very soon under the jawboning by the US. If that is the case, inflation concerns will really start to abate quickly, except for labor shortages and potential wage pressures here. But there is a viewpoint that believes any labor shortages here will be made up by workers overseas. We are quickly becoming a one-world economy. Maybe the movements in the stock markets and the Naz in particular are telling us we are setting ourselves up for another huge leg up. In that case, I'll be dead wrong on my short-term viewpoint. I'll still come out smelling like a rose because I'm holding my core positions through thick and thin anyway. The Fed may be caught between a rock and a hard place and I wouldn't be surprised to see them ratchet up rates 50 basis points next time if things haven't cooled to their satisfaction. Nor would I be surprised to see them suddenly shock the market by announcing something unexpected at an unexpected time. I believe they will not get behind the curve if they see inflation heading towards 3% - that is the key number. A drop in oil prices would sure dampen all of the above. We are surely in unchartered waters - I sure hope we boom to the upside. Optical, semiconductors, networking, foreign tech firms, etc. are booming and making new highs. Something is going on. The question is can Naz sustain 100 point up moves day in and day out. Does valuation of these companies mean anything? If MSFT is valued at $500B -who can buy them anyway? Same goes for most large cap companies - who can buy them? It appears that that the industrial complex will rule the world one day and governments will be their patsies to do their bidding. Is this the new paradigm or a new world order? Ah yes - the NWO from wrestling will take over. (ggg) jmanvegas