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

To: waverider who wrote (71048)	4/21/2000 10:38:00 PM
From: J Krnjeu	Respond to of 152472

Mr. DiamondH, I don't know of any facts at this time to Greenspan and his doing at the May meeting but it seems everyone is expecting him to raise rates, its just a question of how much. I understand the market is an indicator of future events so the sentiment would be looking at an increase. I believe that Greenspan does not want to destroy the economy but he also said he doesn't understand all the effects this technological era has on the economy. To some extent, I believe Greenspan's ego is his own worst enemy. His ego won't allow him to be wrong and by God, no matter what, he will prove to us he is correct. Also, the FED has had some ruff landing with this economy in the past as marginmike has said. I also believe the FED should be concern with their mandate not targeting the stock market. There are parts of the economy that are feeling the effects of the interest rates increases in my area. The housing market in my area is down drastically. Also, where does it say the interest rates have to be at a certain level. Why can't interest rates stay at 4%, 3% or lower. Sorry for the ramblings. Thank You JK

To: waverider who wrote (71048)	4/21/2000 10:47:00 PM
From: bdog	Respond to of 152472

Right on Diamond. I happen to think AG is more competent than the average Fed Chairman, but agree that that is no guarantee of success. The man has a tough job. But and this is an important but, he is trying to do good. A lot of the "ain't he awful, the sky is falling" types (no offense limtex) don't seem to understand Bill Seidman's rather obvious point that AG is at bottom both a "politician" and a "devout coward". Combined with his competence, those are very excellent attributes in a Fed Chairman.

To: waverider who wrote (71048)	4/22/2000 4:23:00 AM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

Yup, I've had dinner with AG. I know his wife real well. He's invited me to the next Fed meeting to watch the committee in action. He phoned me the other day and said he's going to teach me the ways of the Fed. He also said to me $2/gallon for gas is very healthy for the economy. He's told me 12% higher salaries for graduating college seniors year over year will help feed the poor in the third world. He let me know that over 10% housing price increases year over year in many parts of the country will encourage more people to buy houses. He said to me that QCOM should be fairly valued at $150B right now. He said to me he's putting all his money into EToys. He told me to continue to spread more FUD. He said he reads the QCOM thread on SI every night before he goes to sleep because he learns so much from that fellow that likes to surf and that he uses his witticisms for his prepared remarks before Congress. He said that he'll call me every night and tell me what his up-to-minute plans are. He said to me that interest rates are so historically high now there's no more room to raise them. He stated that he's been offered the Fed chairman's job in Bosnia for a salary raise of more than 6 figures but less than 7 figures. I asked him how much. He said low 6 figures. I said you'll pay more taxes if you take the job. He said he didn't give a sh*t but Bosnia was a beautiful place with beaches as pure and pristine as San Diego. jmanvegas

To: waverider who wrote (71048)	4/22/2000 9:33:00 AM
From: candide-	Respond to of 152472

DON'T SAY IT, DON'T SAY IT, JUST DON'T SAY IT.... Hi DH, good to see you're still in fine form. FWIW, there is a good article in Fortune this month on NOKIA. I did not know they had an R&D group in CA working on CDMA, nice place to get talent I'd say. Hope all is well with you and your family. I did retire last month, just trying to find a routine which does NOT include watching CNBC all day. Have a good one, C-

To: waverider who wrote (71048)	4/22/2000 12:57:00 PM
From: Boplicity	Respond to of 152472

Why wouldn't he nothing has changed other then inflation maybe kicking up as seen in the last numbers? Greg

To: waverider who wrote (71048)	4/22/2000 1:16:00 PM
From: RocketMan	Respond to of 152472

You're assuming that Greenspan is acting rationally. I do believe that he is acting according to what he believes to be best, and wants prosperity rather than disaster. And he may get that continuing prosperity, who knows. But do you notice how his statements have subtly changed over the last couple of years? At first, inflation was a looming monster that had to be contained. Later, it was not inflation, but imbalances that could eventually lead to inflationary pressures. At first the market was irrationally exhuberant. Later, technology was great, leading to productivity gains. After that, productivity was bad because it could lead to more production, and without enough workers that would lead to inflation. Eventually it was not that, so much, but the wealth effect caused by the market rise. Then it was not the market, the market was doing its own thing, and raising rates on its own, and the Fed was just trying to keep up with market rates. Now, the latest I believe is that the Fed's hikes don't actually affect the market. I sense a deep struggle in the man between believing in a free economy while yielding his power over that same free market, and feelings of impotence about the effectiveness of that power.