Re: [CANSLIM] For Tom W.

From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] For Tom W.
Date: Sun, 08 Sep 2002 23:19:33 -0500
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Katherine, not sure what a 'real' economics book is...=20

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...=20


- ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  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 -----=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><FONT face=3D"Comic Sans MS">Katherine, not sure what a 'real' =
economics book=20
is...&nbsp;</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">I&nbsp;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 what=20
WON had to say. Heck they were even talking about a 'couch potato' =
strategy=20
buying indexes.... M<FONT face=3D"Comic Sans MS">y longs for tomorrow =
are: <FONT=20
face=3D"Comic Sans MS">EK, XOM, SBC, JPM and IP.... the selections=20
were&nbsp;'no-brainers' ... <A=20
href=3D"http://www.dogsofthedow.com/doggish.htm">http://www.dogsofthedow.=
com/doggish.htm</A>&nbsp;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>&nbsp;</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>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</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>=
 </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>&nbsp;</DIV>
  <DIV>Make sure you order some *real* economics books to go with it. =
:))</DIV>
  <DIV>&nbsp;</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>=
=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 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>&nbsp;</DIV>
    <DIV><SPAN class=3Dserif><FONT =
face=3DTimes></FONT></SPAN>&nbsp;</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=20
    a 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=20
    about to come due.</FONT></STRONG> The second half of the book shows =
how to=20
    avoid becoming "a zombie-eyed victim of the depression" and offers =
advice on=20
    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=20
    how to avoid it), it's that all-out depressions don't last very =
long.=20
    <I>Conquer the Crash</I> should appeal to gloom-and-doom investors =
and to=20
    those desperately looking for a safe haven from the uncertainties of =
today's=20
    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=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 8:51=20
      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 and=20
      others can do a better job.</FONT></DIV>
      <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
      <DIV><FONT face=3DArial>Japan currently is suffering a =
deflationary=20
      recession. The&nbsp;deflation part of that phrase means prices are =
falling=20
      (opposite of inflation). The second part means the economy is =
shrinking.=20
      The key concern for investors is that producers cannot raise their =
prices=20
      to improve profits, and at the same time the shrinking economy =
means=20
      things are not going to get better any time soon.</FONT></DIV>
      <DIV><FONT face=3DArial></FONT>&nbsp;</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, other=20
      than the latter lasts longer and hurts more).</FONT></DIV>
      <DIV><FONT face=3DArial></FONT>&nbsp;</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&nbsp;deflationary depression?</FONT></DIV>
      <DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</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></BODY></HTML=
>

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