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

To: waverider who wrote (84776)	10/25/2000 8:29:24 PM
From: JohnG	Respond to of 152472

Diamond. Index of leading indicators has turned flat and then down for two months in a row. JohnG Chart: yardeni.com Table: economagic.com

To: waverider who wrote (84776)	10/25/2000 8:37:35 PM
From: marginmike	Read Replies (3) \| Respond to of 152472

Its at the end of a speculative frenzy. The earnings expectations are all unreasanable and when things unwind the pendulem will swing the other way. If you listened to CNBC at the CEO conference they are all very nervous that a hardlanding is very possible(direct quote)> They have no price raising ability and their cost of labor and Oil is up. IE profits down whille unit sales have peaked. Meanwhille cedit markets are in trouble with Corporate debt unwanted due to problems at big Telecoms. When the Naz hits 2500 what will happen to the economy, or even if it skirts 3000 for the year people have lost 20-30% OF THEIR Spending dough whille their debt has increased? I have heard several people in very high and low end biz tell me that biz has dropped of dramaticly and is as bad as its been in 10-15 years. Eventially that will reverberate through the rest of the economy.