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

To: samim anbarcioglu who wrote (103018)	8/19/2001 11:43:01 PM
From: Maurice Winn	Respond to of 152472

<true but on the other hand, doesn't a cheaper dollar present an opportunity for foreigners to buy US equities at a discount? So some of them may increase their buying? > Yes, but I think that the US stocks will increase in price at the same rate [or faster] than the dollar declines. I have long ago placed my bets accordingly and borrowed some $$ from Uncle Al for just such an event. I am getting bored waiting, but at last we seem to be getting some action. As swarms of Americans realize that their dollars are being eroded and the US stock market is NOT collapsing, but is actually returning 5% on their money in the Dow, which is more than they get in the bank, with growth prospects and capital gains on top of that, not to mention inflation protection, they will swap their dollars for shares very quickly. The cry is going up "Abandon ship, the USS Dollar is sinking"! Well, it's not sinking, but it is riding lower in the ocean of currencies. Americans aren't [generally] going to buy NZ$ and then buy New Zealand companies, or a sheep farm. They'll buy good American companies, with solid balance sheets, solid prospects and growing sales and bottom lines, like QUALCOMM. I can't wait. Uncle Al has given everyone clear notice - do NOT hold US$ expecting to live on the interest, or to hide under the mattress. Get out there and spend them or invest in something. He is going to dilute you and leave you with low interest rates [which is not a nice thing to happen to your hard-earned money]. Mqurice