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Technology Stocks : The New QUALCOMM - Coming Into Buy Range -- Ignore unavailable to you. Want to Upgrade?

To: Jim Mullens who wrote (4955)	4/1/2009 2:05:00 PM
From: Art Bechhoefer	Respond to of 9129

Jim, recent data from the American Association of Individual Investors indicates that that individual investor sentiment is at the lowest level in years. That statistic actually is a predictor of a market upturn, since small investors generally react to market conditions much later than others. The information was published about three weeks ago. If an investor is worried about the whole stock market, then worries are justified because of the threat of inflation combined with lower corporate profits. But if an investor is looking at individual stocks, then QCOM is more interesting, especially since several analysts have been recommending stocks with little or no debt behind them, a record of earnings gains over the long haul, and recent dividend increases. QCOM fits these criteria nicely. Art

To: Jim Mullens who wrote (4955)	4/1/2009 2:27:25 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 9129

Your thoughts? Jim, having given me an opening on which to rant, I will proceed to do so. vbg. I think we have a lot longer to go before we see any recovery in the stock markets. The financial system cannot be said to be anywhere near healthy so long as huge notional amounts of derivatives exist. Until they disappear or become more manageable, they will be a sword of Damocles hanging over the stock market. The global situation is horrible. Ireland and the UK are on the brink. Soros's comment that the UK might have to go hat in hand to the IMF shows how bad things are. Japan, ditto,though it will never have to go to the IMF. After the dash of deflation we may be undergoing presently dissipates, the incredible amount of money being injected into the system will inevitably result in higher inflation which the Fed will be reluctant to fight for fear of squelching a recovery. Consequently, we are likely to face inflation rates that will be much, much higher than the paltry numbers we have now. Consumer spending is not going to rise until the consumer feels that his finances are OK. Given unemployment data, that isn't going to happen anytime soon. Increasing savings rates also will keep consumption down. Although the price of oil is low, it won't stay in the high 40s very long. I have a difficult time believing that production of oil is very profitable for the more expensive crude - the stuff in deep water, etc. Fundamentals basically suck. I therefore believe we are in a bear market rally that could end any minute. I am essentially out of any equities. Mostly in cash and gold and some oil-related stuff.