Bloomberg Surveillance
Global Bond Selloff Sends Yields to the Highest Level Since 2008
What was said
A company like Qualcomm, which makes semiconductor components for cell phones, anything communication-wise, had a great run, gave it all back. Right now it's at about 13 or 14 times earnings If you have a nine to 12 time horizon there are going to be some very good things happening Short term not so much