Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] For Tom W.
Date: Mon, 9 Sep 2002 06:11:05 -0500
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Perhaps, the reason people like the Dogs of the Dow strategy is that most
are just lazy and our education system has dumbed down the citizens' ability
to think and to use common sense.
Re your picks. So far, only the Asian markets closed up today and all the
European markets are headed south. Also, gold is about $2 higher and the
dollar is weaker. Not a good portent for a rising market in the U.S.
I think I will stay short JPM and C today as well as those others I did not
close out on Friday but will get a hair trigger ready to move to close the
position if the market goes against me.
Have a great day.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
Sent: Sunday, September 08, 2002 11:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] For Tom W.
Katherine, not sure what a 'real' economics book is...
I also bought O'Higgins book Beating the DJIA with the Dogs of the Dow
strategy. Saw more interest in that strategy at yesterday's CANSLIM meeting
than I did in what WON had to say. Heck they were even talking about a
'couch potato' strategy buying indexes.... My longs for tomorrow are: EK,
XOM, SBC, JPM and IP.... the selections were 'no-brainers' ...
http://www.dogsofthedow.com/doggish.htm May even buy some more IDA (hot pick
3 or 4 weeks ago)... paying about 7%
As I was leaving the country club one of the CANSLIM members was sitting
in the lobby reading CASH FLOW and BEYOND by Wade Cook...
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Sunday, September 08, 2002 10:29 PM
Subject: Re: [CANSLIM] For Tom W.
Hi Gene,
Make sure you order some *real* economics books to go with it. :))
Katherine
----- Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com
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
----- Original Message -----
From: Tom Worley
To: canslim@lists.xmission.com
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 -----
From: Gene Ricci
To: canslim@lists.xmission.com
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><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Perhaps, the reason people like the Dogs of the Dow strategy is =
that most=20
are just lazy and our education system has dumbed down =
the citizens'=20
ability to think and to use common sense.</FONT></SPAN></DIV>
<DIV><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Re=20
your picks. So far, only the Asian markets closed up today and all =
the=20
European markets are headed south. Also, gold is about $2 =
higher and=20
the dollar is weaker. Not a good portent for a rising market in =
the=20
U.S.</FONT></SPAN></DIV>
<DIV><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2>I=20
think I will stay short JPM and C today as well as those others I did =
not close=20
out on Friday but will get a hair trigger ready to move to close the =
position if=20
the market goes against me.</FONT></SPAN></DIV>
<DIV><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D930100511-09092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Have a=20
great day.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Gene=20
Ricci<BR><B>Sent:</B> Sunday, September 08, 2002 11:20 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] For Tom=20
W.<BR><BR></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Katherine, not sure what a 'real' =
economics=20
book is... </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">I also bought O'Higgins book =
Beating the=20
DJIA with the Dogs of the Dow strategy. </FONT><FONT face=3D"Comic =
Sans MS">Saw=20
more interest in that strategy at yesterday's CANSLIM meeting than I =
did in=20
what WON had to say. Heck they were even talking about a 'couch =
potato'=20
strategy buying indexes.... M<FONT face=3D"Comic Sans MS">y longs for =
tomorrow=20
are: <FONT face=3D"Comic Sans MS">EK, XOM, SBC, JPM and IP.... the =
selections=20
were 'no-brainers' ... <A=20
=
href=3D"http://www.dogsofthedow.com/doggish.htm">http://www.dogsofthedow.=
com/doggish.htm</A> May=20
even buy some more IDA (hot pick 3 or 4 weeks ago)... paying about=20
7%</FONT></FONT></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">As I was leaving the country club =
one of the=20
CANSLIM members was sitting in the lobby reading CASH FLOW and BEYOND =
by Wade=20
Cook... </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV>----- Original Message ----- </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=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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 10:29=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] For =
Tom W.</DIV>
<DIV><BR></DIV>
<DIV>Hi Gene,</DIV>
<DIV> </DIV>
<DIV>Make sure you order some *real* economics books to go with it.=20
:))</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>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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 9:08=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] For =
Tom=20
W.</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3Dserif><FONT face=3DTimes>Thanks Tom, this is =
from=20
amazon.com ..... 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>,=20
Robert Prechter explains why he thinks the boom times are behind =
us. Based=20
on his interpretation of the Elliott Wave principle (an idea =
premised on=20
the notion that mass investor psychology is what really drives =
markets),=20
<STRONG><FONT color=3D#0000ff>Prechter believes that the U.S. =
economy is=20
about to enter into a deflationary depression that few investors =
are=20
prepared to deal with. In making his case, Prechter assembles an=20
impressive array of data that in essence suggests that the bill =
for the=20
last 10 years of market excess is about to come =
due.</FONT></STRONG> The=20
second half of the book shows how to avoid becoming "a zombie-eyed =
victim=20
of the depression" and offers advice on protecting one's assets in =
a=20
deflationary environment (cash is king). If there's any good news =
in the=20
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=20
appeal to gloom-and-doom investors and to those desperately =
looking for a=20
safe haven from the uncertainties of today's markets. <I>--Harry =
C.=20
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=20
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=20
8:51 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
For Tom=20
W.</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>I will take a shot at it, but am sure =
Katherine=20
and others can do a better job.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Japan currently is suffering a =
deflationary=20
recession. The deflation part of that phrase means prices =
are=20
falling (opposite of inflation). The second part means the =
economy is=20
shrinking. The key concern for investors is that producers =
cannot raise=20
their prices to improve profits, and at the same time the =
shrinking=20
economy means things are not going to get better any time=20
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=20
did get the hang of the difference between recession and =
depression,=20
other than 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>=20
</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></BLOCKQUOTE></BLOCKQUOTE>=
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