Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] For Tom W.
Date: Mon, 9 Sep 2002 22:33:19 -0700
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- ------=_NextPart_001_0000_01C25850.E579FC00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable i read an article that said that one of the problems in Japan is that no = on is spending but everyone is saving. Just the opposite of the U.S. wher= e everyone is spending and running up debt and no one is saving. =20 =20 - ----- Original Message ----- From: Katherine Malm Sent: Sunday, September 08, 2002 10:05 PM To: canslim@lists.xmission.com Subject: Fw: [CANSLIM] For Tom W. =20 Hi Gene, =20 I was referring to Prechter's stance on stock cycles and doom and gloom b= ased on Elliott Wave analysis, so was tongue-in-cheek suggesting an econo= mics text to balance the view. (I think his "Tidal Wave" Bear book came o= ut in 95 or 96. Add him to the stack with Ravi Batra "The Great Depressio= n of 1990" and, just to be fair, "Dow 36000" and "Dow 100000"). Either wa= y, all things are possible. =20 Katherine =20 PS Scary thought to think anybody's reading Wade Cook for investment advi= ce. =20 PPS...all dogs have their day. =20 - ----- Original Message ----- =20 From: Gene Ricci =20 To: canslim@lists.xmission.com =20 Sent: Sunday, September 08, 2002 11:19 PM Subject: Re: [CANSLIM] For Tom W. Katherine, not sure what a 'real' economics book is... =20 =20 I also bought O'Higgins book Beating the DJIA with the Dogs of the Dow st= rategy. 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% =20 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 =20 =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, =20 Make sure you order some *real* economics books to go with it. :)) =20 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 =20 =20 In Conquer the Crash, Robert Prechter explains why he thinks the boom tim= es are behind us. Based on his interpretation of the Elliott Wave princip= le (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 t= o deal with. In making his case, Prechter assembles an impressive array o= f data that in essence suggests that the bill for the last 10 years of ma= rket excess is about to come due. The second half of the book shows how t= o avoid becoming "a zombie-eyed victim of the depression" and offers advi= ce 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 (othe= r than how to avoid it), it's that all-out depressions don't last very lo= ng. Conquer the Crash should appeal to gloom-and-doom investors and to th= ose 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 bette= r job. =20 Japan currently is suffering a deflationary recession. The deflation part= of that phrase means prices are falling (opposite of inflation). The sec= ond 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. =20 A deflationary depression would seem to me to be essentially the same, bu= t with the economy in even worse shape (I never did get the hang of the d= ifference between recession and depression, other than the latter lasts l= onger and hurts more). =20 - ----- 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? =20 Thanks, Gene - ------=_NextPart_001_0000_01C25850.E579FC00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <HTML><BODY BGCOLOR=3D"#ffffff" STYLE=3D"font:10pt verdana; border:none;b= ackground-color:#ffffff; "><DIV>i read an article that said that one of t= he problems in Japan is that no on is spending but everyone is saving. Ju= st the opposite of the U.S. where everyone is spending and running up deb= t and no one is saving. </DIV> <DIV> </DIV> <BLOCKQUOTE style=3D= "PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0= 00000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt Arial">----= - - Original Message -----</DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 1= 0pt Arial; COLOR: black"><B>From:</B> Katherine Malm</DIV> <DIV style=3D"= FONT: 10pt Arial"><B>Sent:</B> Sunday, September 08, 2002 10:05 PM</DIV> = <DIV style=3D"FONT: 10pt Arial"><B>To:</B> canslim@lists.xmission.com</DI= V> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Fw: [CANSLIM] For Tom = W.</DIV> <DIV> </DIV> <META content=3D"MSHTML 6.00.2719.2200" name=3D= GENERATOR> <STYLE></STYLE> <DIV>Hi Gene,</DIV> <DIV> </DIV> <DIV>I = was referring to Prechter's stance on stock cycles and doom and gloom bas= ed on Elliott Wave analysis, so was tongue-in-cheek suggesting an economi= cs text to balance the view. (I think his "Tidal Wave" Bear book came out= in 95 or 96. Add him to the stack with Ravi Batra "The Great Depression = of 1990" and, just to be fair, "Dow 36000" and "Dow 100000"). Either way,= all things are possible.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <D= IV> </DIV> <DIV>PS Scary thought to think anybody's reading Wade Coo= k for investment advice.</DIV> <DIV> </DIV> <DIV>PPS...all dogs have= their day.</DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">-----= Original Message ----- <DIV style=3D"BACKGROUND: #e4e4e4; font-color: b= lack"><B>From:</B> <A title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.= net">Gene Ricci</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmiss= ion.com href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission= .com</A> </DIV> <DIV><B>Sent:</B> Sunday, September 08, 2002 11:19 PM</DI= V> <DIV><B>Subject:</B> Re: [CANSLIM] For Tom W.</DIV></DIV> <DIV><BR></D= IV> <DIV><FONT face=3D"Comic Sans MS">Katherine, not sure what a 'real' e= conomics 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 DJIA with the Dogs of the Dow strategy. </FONT= ><FONT face=3D"Comic Sans MS">Saw more interest in that strategy at yeste= rday's CANSLIM meeting than I did in what WON had to say. Heck they were = even talking about a 'couch potato' strategy buying indexes.... M<FONT fa= ce=3D"Comic Sans MS">y longs for tomorrow are: <FONT face=3D"Comic Sans M= S">EK, XOM, SBC, JPM and IP.... the selections were 'no-brainers' ..= . <A href=3D"http://www.dogsofthedow.com/doggish.htm">http://www.dogsofth= edow.com/doggish.htm</A> May even buy some more IDA (hot pick 3 or 4= weeks ago)... paying about 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 CANSLIM members was sitting = in the lobby reading CASH FLOW and BEYOND by Wade Cook... </FONT></DIV> <= DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"C= omic Sans MS"></FONT> </DIV> <DIV>----- Original Message ----- </DIV= > <BLOCKQUOTE dir=3Dltr style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; M= ARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV= style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>Fr= om:</B> <A title=3Dkmalm@earthlink.net href=3D"mailto:kmalm@earthlink.net= ">Katherine Malm</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A= title=3Dcanslim@lists.xmission.com href=3D"mailto:canslim@lists.xmission= .com">canslim@lists.xmission.com</A> </DIV> <DIV style=3D"FONT: 10pt aria= l"><B>Sent:</B> Sunday, September 08, 2002 10:29 PM</DIV> <DIV style=3D"F= ONT: 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 som= e *real* economics books to go with it. :))</DIV> <DIV> </DIV> <DIV>= Katherine</DIV> <BLOCKQUOTE dir=3Dltr style=3D"PADDING-RIGHT: 0px; PADDIN= G-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIG= HT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </= DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: bla= ck"><B>From:</B> <A title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.ne= t">Gene Ricci</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A ti= tle=3Dcanslim@lists.xmission.com href=3D"mailto:canslim@lists.xmission.co= m">canslim@lists.xmission.com</A> </DIV> <DIV style=3D"FONT: 10pt arial">= <B>Sent:</B> Sunday, September 08, 2002 9:08 PM</DIV> <DIV style=3D"FONT:= 10pt arial"><B>Subject:</B> Re: [CANSLIM] For Tom W.</DIV> <DIV><BR></DI= V> <DIV><SPAN class=3Dserif><FONT face=3DTimes>Thanks Tom, this is from a= mazon.com ..... I just ordered his book...</FONT></SPAN></DIV> <DIV><SPAN= class=3Dserif><FONT face=3DTimes>Gene</FONT></SPAN></DIV> <DIV><SPAN cla= ss=3Dserif><FONT face=3DTimes></FONT></SPAN> </DIV> <DIV><SPAN class= =3Dserif><FONT face=3DTimes></FONT></SPAN> </DIV> <DIV><SPAN class=3D= serif><FONT face=3DTimes>In <I>Conquer the Crash</I>, Robert Prechter exp= lains why he thinks the boom times are behind us. Based on his interpreta= tion of the Elliott Wave principle (an idea premised on the notion that m= ass investor psychology is what really drives markets), <STRONG><FONT col= or=3D#0000ff>Prechter believes that the U.S. economy is about to enter in= to 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.</FONT></STRONG> 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 ve= ry long. <I>Conquer the Crash</I> should appeal to gloom-and-doom investo= rs and to those desperately looking for a safe haven from the uncertainti= es of today's markets. <I>--Harry C. Edwards</I> </FONT></SPAN><BR></DIV>= <BLOCKQUOTE dir=3Dltr style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MA= RGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV = style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style= =3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B= > <A title=3Dstkguru@bellsouth.net href=3D"mailto:stkguru@bellsouth.net">= Tom Worley</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A title= =3Dcanslim@lists.xmission.com 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 PM</DIV> <DIV style=3D"FONT: 10= pt 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 a= nd others can do a better job.</FONT></DIV> <DIV><FONT face=3DArial></FON= T> </DIV> <DIV><FONT face=3DArial>Japan currently is suffering a def= lationary 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 econo= my means things are not going to get better any time soon.</FONT></DIV> <= DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>A defl= ationary 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 differe= nce between recession and depression, 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 ----- <DIV style= =3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A title=3Dgenr@= swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</A> </DIV> <DIV><B>= To:</B> <A title=3Dcanslim@lists.xmission.com href=3D"mailto:canslim@list= s.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV><B>Sent:</B> S= unday, September 08, 2002 9:46 PM</DIV> <DIV><B>Subject:</B> [CANSLIM] Fo= r Tom W.</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3D"Comic Sans MS">To= m, can you help me 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">Gen= e</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY>= </HTML> - ------=_NextPart_001_0000_01C25850.E579FC00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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