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

To: Ramsey Su who wrote (12483)	7/16/1998 5:37:00 PM
From: dougjn	Respond to of 152472

phewwww! Had me worried there for a bit. <gg> Course who knows, you could turn out to be right. However, low inflation and interest rates, in the absence of a severe credit/liquidity crunch, does wonders for the markets. Has done historically as well. Really, it basically trumps all other considerations I think. My personal opinion is this bull is very unlikely to end until inflation and interest rates starts up. Significantly. Absent a Great Depression style credit collapse, that is. Which I think is not in the cards for the US, although of course it has occurred in most of East Asia (excepting China, despite its state industries issues, and Taiwan). An extended period of actual exploding trade deficits, esp. if accompanied by an Asia recovery, could well lead to renewal of inflation and repeated rises in interest rates. In other words, I think as things stack up now, it is a strong Asian recovery that is likely to knock our markets for more than a temporary, 10% or less S&P hit. As that starts to happen, it will be time to shift out of the mega caps with then even higher PE's, and into oil service, for example. Seems to my crystal ball. <g> Is it time to leg back into Qcom? Doug