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


To: Boplicity who wrote (67421)2/18/2000 11:52:00 AM
From: RocketMan  Read Replies (2) | Respond to of 152472
 
OT Today I am moving all of my core retirement funds to money market. That does not include qcom or my other holdings, but it does include all the funds I need to retire on. My reasoning is that Greenscam is increasingly losing touch with reality and is hellbent on continuing to raise interest rates until GDP slows down, regardless of whether there are any real signs of inflation, employment problems, or productivity gains. He does not understand the current technological revolution, nor does he understand the political aspects of using the SPR as a way of defusing the OPEC oil hikes.

This will continue to hurt the Dow stocks and continue the divergence between value and tech to unsustainable levels. In the end, I see a severe pullback, a recession, and possibly worse consequences.

I am willing to ride out major corrections in my tech holdings, because they will be the first to bounce back, but I can't afford to take chances with my core retirement funds while AG goes increasingly senile.