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

To: Dennis O'Bell who wrote (88575)	11/30/2000 10:39:18 PM
From: waverider	Read Replies (1) \| Respond to of 152472

This is good... Volume was incredibly heavy at 1.51 billion on the NYSE and at 2.74 billion on the Nasdaq Stock Market - the second busiest trading day ever for the Nasdaq. Market breadth was horrendous, with decliners trouncing advancers by 19 to 10 on the NYSE and by 28 to 13 on the Nasdaq. In the meantime, an amazing 985 Nasdaq stocks hit new 52-week lows Thursday versus a mere 48 reaching fresh 52-week highs. The picture was negative, but not nearly as bleak on the NYSE, where 212 stocks set fresh lows compared to 121 hitting new highs. And so is this... And fund managers are indeed sitting on hoards of cash. The Investment Company Institute said cash at U.S. equity funds surged to $212.9 billion in October, up 10.2 percent from the end of September. cbs.marketwatch.com

To: Dennis O'Bell who wrote (88575)	12/1/2000 10:10:47 AM
From: carranza2	Respond to of 152472

Thanks for the chart. It's a no brainer to me. The Election is probably going to be resolved this December, probably at the Electoral College vote on December 18. Gore may huff and puff and even continue his legal challenges but he'll be increasingly seen by the Dem leadership as a serious liability. They will issue him a stern admonition, probably telling him that he's dead politically unless he stops. The uncertainty will be over, and we'll have a good rally, particularly if Greenspan on the 19th issues a neutral stance or better on interest rates. This is a short term thing. Lots of opps. The dumb money is selling. Looks like the market may be adopting this kind of thinking today. At least as far as the Q is concerned.