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

To: qveauriche who wrote (113100)	2/12/2002 6:27:34 PM
From: Ruffian	Respond to of 152472

Mucho is the Pits! lol!

To: qveauriche who wrote (113100)	2/12/2002 6:41:27 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 152472

I have been spreading fear even before this bear market began. The late '99 speculative blowoff scared the heck out of me. Go to the LSI and CSCO threads and see my posts during the year 2000. Anybody who got scared by my posts would be very thankful to me now! IMO, this is a secular bear market. Secular means "long-term, not temporary or cyclical". Those whom the market didn't scare out, it will simply wear them out!

To: qveauriche who wrote (113100)	2/12/2002 6:43:24 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

qveau, don't be misled by recession productivity numbers. they often go up because cos lay off tons of people. if your percentage decline in employees is greater than the percentage decline in revenue, "worker productivity" goes up. simple math! as to a belief that the market could go nowhere for more than a decade being "demented", go look at what people were saying in 1930 in the US and in 1991 in Japan. anything can happen! as to the analysts--they are a joke. their estimates are total garbage, and they are way too high. look at how far they have come down! and they are still too high, AND they are based on crappy pro forma numbers. here's a little factoid for you: Barron's recently (and quietly) switched their S&P500 PE figures from reported earnings to "operating earnings", thereby lowering the SPX PE from 40 to 29. as long as it helps stocks look cheap...kewl! who knew that math could improve the economy so much. the market remains obscenely overvalued imho. i would not at all be surprised for the US large caps to have a negative real return for the next decade at least. if you think it can't happen...take a look at the charts from 66 to 82. market went nowhere in nominal terms for that period, and sunk tremendously in real terms due to high inflation. hopefully inflation will stay low this time so the real returns will not be as bad as during that period.