Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] For Tom W.
Date: Sun, 8 Sep 2002 22:29:09 -0500
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Hi Gene,
Make sure you order some *real* economics books to go with it. :))
Katherine
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Sunday, September 08, 2002 9:08 PM
Subject: Re: [CANSLIM] For Tom W.
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
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<DIV>Hi Gene,</DIV>
<DIV> </DIV>
<DIV>Make sure you order some *real* economics books to go with it. =
:))</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</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 9:08=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] For Tom =
W.</DIV>
<DIV><BR></DIV>
<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=20
making his case, Prechter assembles an impressive array of data that =
in=20
essence suggests that the bill for the last 10 years of market excess =
is about=20
to come due.</FONT></STRONG> The second half of the book shows how to =
avoid=20
becoming "a zombie-eyed victim of the depression" and offers advice on =
protecting one's assets in a deflationary environment (cash is king). =
If=20
there's any good news in the future that Prechter sees coming (other =
than how=20
to avoid it), it's that all-out depressions don't last very long. =
<I>Conquer=20
the Crash</I> should appeal to gloom-and-doom investors and to those=20
desperately looking for a safe haven from the uncertainties of today's =
markets. <I>--Harry C. Edwards</I> </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>=
=20
</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, and at the same time the shrinking economy means things are =
not=20
going to get 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>=
=20
</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=20
face=3D"Comic Sans =
MS">Gene</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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