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

To: surfbaron who wrote (105487)	9/24/2001 5:28:19 PM
From: marginmike	Respond to of 152472

Man I am stumped, Technichaly we should have a rally here a bit. I still see one last leg down tough. I aint betting either way. I am just happy to have been flat for the last two weeks. I went out today so I wouldnt get tempted to buy something.

To: surfbaron who wrote (105487)	9/24/2001 5:43:07 PM
From: Keith Feral	Read Replies (2) \| Respond to of 152472

Did you see what happened to oil prices today? Have you noticed the strong relative strength of communications stocks like VZ vs. the rest of the market? Leadership has moved from energy and retail back to communications as a safe haven. Financial companies are printing money hand over fist now that the spread between short term rates and long term rates is 2.5%. That's an 83% annualized return on capital they are lending to new customers. A year ago, there was zero profits from lending money since short term rates were hgiher than long term rates. The FED funds futures are pricing in another 50bp cut in short term rates. Last week's capitulation created an extreme only witnessed a few times every century. I think stocks are low enough to create a LTB&H strategy again. It doesn't matter if this rally is a sucker's rally as long as people begin to realize the fundamental improvements in the financial markets 18 months from the March 2000 highs.