Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] For Tom W.
Date: Sun, 08 Sep 2002 21:08:14 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_011A_01C2577B.D8A8F2E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Tom, this is from amazon.com ..... I just ordered his book... Gene In Conquer the Crash, Robert Prechter explains why he thinks the boom = times are behind us. Based on his interpretation of the Elliott Wave = principle (an idea premised on the notion that mass investor psychology = is what really drives markets), Prechter believes that the U.S. economy = is about to enter into a deflationary depression that few investors are = prepared to deal with. In making his case, Prechter assembles an = impressive array of data that in essence suggests that the bill for the = last 10 years of market excess is about to come due. The second half of = the book shows how to avoid becoming "a zombie-eyed victim of the = depression" and offers advice on protecting one's assets in a = deflationary environment (cash is king). If there's any good news in the = future that Prechter sees coming (other than how to avoid it), it's that = all-out depressions don't last very long. Conquer the Crash should = appeal to gloom-and-doom investors and to those desperately looking for = a safe haven from the uncertainties of today's markets. --Harry C. = Edwards=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 08, 2002 8:51 PM Subject: Re: [CANSLIM] For Tom W. I will take a shot at it, but am sure Katherine and others can do a = better job. Japan currently is suffering a deflationary recession. The deflation = part of that phrase means prices are falling (opposite of inflation). = The second part means the economy is shrinking. The key concern for = investors is that producers cannot raise their prices to improve = profits, and at the same time the shrinking economy means things are not = going to get better any time soon. A deflationary depression would seem to me to be essentially the same, = but with the economy in even worse shape (I never did get the hang of = the difference between recession and depression, other than the latter = lasts longer and hurts more). ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 08, 2002 9:46 PM Subject: [CANSLIM] For Tom W. Tom, can you help me understand deflationary depression? Thanks, Gene - ------=_NextPart_000_011A_01C2577B.D8A8F2E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4916.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><SPAN class=3Dserif><FONT face=3DTimes>Thanks Tom, this is from = amazon.com=20 ..... I just ordered his book...</FONT></SPAN></DIV> <DIV><SPAN class=3Dserif><FONT face=3DTimes>Gene</FONT></SPAN></DIV> <DIV><SPAN class=3Dserif><FONT face=3DTimes></FONT></SPAN> </DIV> <DIV><SPAN class=3Dserif><FONT face=3DTimes></FONT></SPAN> </DIV> <DIV><SPAN class=3Dserif><FONT face=3DTimes>In <I>Conquer the Crash</I>, = Robert=20 Prechter explains why he thinks the boom times are behind us. Based on = his=20 interpretation of the Elliott Wave principle (an idea premised on the = notion=20 that mass investor psychology is what really drives markets), = <STRONG><FONT=20 color=3D#0000ff>Prechter believes that the U.S. economy is about to = enter into a=20 deflationary depression that few investors are prepared to deal with. In = making=20 his case, Prechter assembles an impressive array of data that in essence = suggests that the bill for the last 10 years of market excess is about = to come=20 due.</FONT></STRONG> The second half of the book shows how to avoid = becoming "a=20 zombie-eyed victim of the depression" and offers advice on protecting = one's=20 assets in a deflationary environment (cash is king). If there's any good = news in=20 the future that Prechter sees coming (other than how to avoid it), it's = that=20 all-out depressions don't last very long. <I>Conquer the Crash</I> = should appeal=20 to gloom-and-doom investors and to those desperately looking for a safe = haven=20 from the uncertainties of today's markets. <I>--Harry C. Edwards</I>=20 </FONT></SPAN><BR></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, September 08, = 2002 8:51=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] For Tom = W.</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial>I will take a shot at it, but am sure = Katherine and=20 others can do a better job.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Japan currently is suffering a deflationary = recession.=20 The deflation part of that phrase means prices are falling = (opposite of=20 inflation). The second part means the economy is shrinking. The key = concern=20 for investors is that producers cannot raise their prices to improve = profits,=20 and at the same time the shrinking economy means things are not going = to get=20 better any time soon.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>A deflationary depression would seem to me to = be=20 essentially the same, but with the economy in even worse shape (I = never did=20 get the hang of the difference between recession and depression, other = than=20 the latter lasts longer and hurts more).</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</A> = </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Sunday, September 08, 2002 9:46 PM</DIV> <DIV><B>Subject:</B> [CANSLIM] For Tom W.</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3D"Comic Sans MS">Tom, can you help me=20 understand deflationary depression?</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Thanks,</FONT></DIV> <DIV><FONT face=3D"Comic Sans = MS">Gene</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_011A_01C2577B.D8A8F2E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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