From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2927 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Monday, September 9 2002 Volume 02 : Number 2927 In this issue: [CANSLIM] totally off topic Re: [CANSLIM] totally off topic RE: [CANSLIM] totally off topic [CANSLIM] Katherine's quote and extension of WON Re: [CANSLIM] For Tom W. Re: [CANSLIM] DLX Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Re: [CANSLIM] totally off topic Re: [CANSLIM] Direct question for Wyndy. Re: [CANSLIM] For Tom W. Re: [CANSLIM] For Tom W. ---------------------------------------------------------------------- Date: Mon, 9 Sep 2002 20:17:04 -0400 From: "Tom Worley" Subject: [CANSLIM] totally off topic anyone needing a smile, or a warm fuzzy, try these NBC pictures of the year http://student.luc.ac.be/~9916699/picsoftheyear.html Tom Worley stkguru@bellsouth.net AIM: TexWorley - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 9 Sep 2002 20:56:30 -0500 From: "david frank" Subject: Re: [CANSLIM] totally off topic Tom, Nice pictures. Still trying figure which one you are? Just kidding. Anyway, you are probably that little honey-bear. - ----- Original Message ----- From: "Tom Worley" To: "CANSLIM" Sent: Monday, September 09, 2002 7:17 PM Subject: [CANSLIM] totally off topic > anyone needing a smile, or a warm fuzzy, try these NBC pictures of the year > > http://student.luc.ac.be/~9916699/picsoftheyear.html > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 9 Sep 2002 23:04:34 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] totally off topic Tom: Thanks very much. Sent it to my 'A' list with the following message: Greetings from our island in the sun... Whilst the media bask in 9/11 ad nauseum, sit back and enjoy these delightful diversions. Life is good... Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, September 09, 2002 9:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] totally off topic Tom, Nice pictures. Still trying figure which one you are? Just kidding. Anyway, you are probably that little honey-bear. - ----- Original Message ----- From: "Tom Worley" To: "CANSLIM" Sent: Monday, September 09, 2002 7:17 PM Subject: [CANSLIM] totally off topic > anyone needing a smile, or a warm fuzzy, try these NBC pictures of the year > > http://student.luc.ac.be/~9916699/picsoftheyear.html > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 9 Sep 2002 20:21:28 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] Katherine's quote and extension of WON > Katherine wrote: > > ended by > stating that the difference between people who casually read the > IBD and those that learn from it translated into 30% vs 300% > returns in the 98-99 Bull. Let me just add that for those smart > enough to "get" CANSLIM, they have not only hung on to those 300% > returns, but have added to them in the last 2 years with low risk > to boot. > I'm curious as to how many have 'hung on' and what types of signals have helped them make that decision. I am one who did well in the Bull; but have seen a good chunk of my equity decline by trying to get back in to what seem to be follow through days, only to get whipsawed back out and then some. I use a 10% stop loss role (a little more liberal than pure CANSLIM) - but it doesn't take too many of those to erode a good base of capital. Anyway... bottom line is I haven't been tempted to get in lately, but I'm still struggling to read "M". If people have been successful at being out since March 2000, I'd love to hear why. Dave ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Yahoo! - We Remember 9-11: A tribute to the more than 3,000 lives lost http://dir.remember.yahoo.com/tribute - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 10 Sep 2002 00:06:21 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] For Tom W. Gene: I believe the Great Depression in the 30's was a "deflationary depression". That is, there wasn't enough money around (prices were falling and the money supply was shrinking); and the "depression" part meant that the economy was contracting. Germany, before WWII had an hyper inflationary depression. That is, there was so much money (the German Government was printing it by the bushel) that it wasn't worth anyone's while to work or to produce (because the money received for wages or articles that were sold was not worth the paper it was printed on). jans In a message dated 9/8/2002 9:52:04 PM Eastern Daylight Time, stkguru@bellsouth.net writes: << Tom, can you help me understand deflationary depression? Thanks, Gene >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 10 Sep 2002 00:13:36 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] DLX Katherine: Why would any business pay with a debit card (I don't have one, but I assume it is a credit card whereby your bank account is IMMEDIATELY debited when you use the card), rather than a credit card (where you get the temporal luxury of a float)? jans In a message dated 9/9/2002 9:07:56 AM Eastern Daylight Time, kmalm@earthlink.net writes: << I'd also add that the use of debit cards has reduced the use of checks more so than the use of cash (ref our discussion of CSTR). Businesses, however still pay many of their bills by check rather than by e-means, so there is still a sizable market, even if many individuals use debit cards for day to day transactions. For the most part, DLX is a printing outfit, selling not only checks but also stationery etc; all in all, a mature business and not the stuff of CANSLIM investing. My conclusion has always been the run from the January 01 lows had to do with their spin-off of EFDS. The recent high is also a 10 yr high and I think there's little fuel to sustain more than a market related move. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 10 Sep 2002 00:24:34 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Kelly: I'm not sure what a "quad" is (whether it's a good or a bad thing), but SBUX in the last 5-6 day on a daily chart, shows a beautiful example, I believe, of what Katherine refers to as a wedging handle (ie, rising handle pattern on low volume)-which, as she points out, many times leads to failure in the stock. This is also a nice example of the 9/10 Investors Corner's discussion of how failing patterns in individual charts (actually, I believe IBD mentions "failing BOs", but I would use this chart for a legitimate proxy of the failure of the chart's BO) can presage the weakening of the market. jans In a message dated 9/9/2002 10:15:51 AM Eastern Daylight Time, kelly.short@fw.us.neoris.com writes: << What a great service! I can't believe it's free. I also can't believe it's not butter! (Whew! Did SBUX give me a quad this morning?) >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 10 Sep 2002 00:24:42 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] totally off topic I kinda saw myself as the duckling, doing the impossible climb up the curbstone, just because it was there. - ----- Original Message ----- From: "david frank" To: Sent: Monday, September 09, 2002 9:56 PM Subject: Re: [CANSLIM] totally off topic Tom, Nice pictures. Still trying figure which one you are? Just kidding. Anyway, you are probably that little honey-bear. - ----- Original Message ----- From: "Tom Worley" To: "CANSLIM" Sent: Monday, September 09, 2002 7:17 PM Subject: [CANSLIM] totally off topic > anyone needing a smile, or a warm fuzzy, try these NBC pictures of the year > > http://student.luc.ac.be/~9916699/picsoftheyear.html > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 10 Sep 2002 00:46:09 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Direct question for Wyndy. Wyndy: How can you have such a nice name, and be such a jerk. Katherine is one of our most treasured members. Her valued observation, comments and helpful tips help to immeasurably make this forum as valuable as it is. If you don't appreciate this group's stock counsel, then: LEAVE! I'm writing this to the forum because, even though it is off topic, your screed addressed to Katherine was nothing short of unbalanced. Get some professional help. I mean it. Your cynicism is not only uncalled for, it is just plain mean. jans In a message dated 9/9/2002 11:36:20 AM Eastern Daylight Time, Wyndy writes: << Katherine is it doom and gloom or truth and reality? Is your vision clouded by the past? Certainly CANSLIM has been a losing strategy for most of those that have attemmpted it since mid 2000 (this I learned from private email sent to me by members of this group). Oh, you're going to say IBD said to stay out, well that's not true either. They've called several bottoms. Staying in cash just means that most all of the IBD faithful lost a fantastic opportunity to short the market, to say nothing about losing ground to stealth inflation. The wavers have been totally on the ball for the past 2+ years and their performance is public and well documented. You might check them out instead of lumping them with others and scoffing at them. Whereas IBD still hasn't responded to my registered letter. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 9 Sep 2002 22:33:19 -0700 From: "NANCY POLCARO" Subject: Re: [CANSLIM] For Tom W. - ------=_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
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. 
 
----= - - Original Message -----
From: Katherine Malm
Sent: Sunday, September 08, 2002 10:05 PM
=
To: canslim@lists.xmission.com
Subject: Fw: [CANSLIM] For Tom = W.
 
Hi Gene,
 
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.
 
Katherine
 
PS Scary thought to think anybody's reading Wade Coo= k for investment advice.
 
PPS...all dogs have= their day.
 
-----= Original Message -----
From: Gene Ricci
Sent: Sunday, September 08, 2002 11:19 PM
Subject: Re: [CANSLIM] For Tom W.

Katherine, not sure what a 'real' e= conomics 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 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.... My longs for tomorrow are: EK, XOM, SBC, JPM and IP.... the selections were 'no-brainers' ..= . http://www.dogsofth= edow.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...
<= DIV> 
 
----- Original Message -----
Fr= om: 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 som= e *real* economics books to go with it. :))
 
= Katherine
----- Original Message -----
From: Gene Ricci
= Sent: Sunday, September 08, 2002 9:08 PM
Subject: Re: [CANSLIM] For Tom W.

Thanks Tom, this is from a= mazon.com ..... I just ordered his book...
Gene
 
 
In Conquer the Crash, 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), 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. 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. Conquer the Crash 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. --Harry C. Edwards
=
----- Original Message -----
= 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 a= nd others can do a better job.
 
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.
<= DIV> 
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).
 
=
----- Original Message -----
From: Gene Ricci
Sent: S= unday, September 08, 2002 9:46 PM
Subject: [CANSLIM] Fo= r Tom W.

To= m, can you help me understand deflationary depression?
=
 
Thanks,
Gen= e
= - ------=_NextPart_001_0000_01C25850.E579FC00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 9 Sep 2002 22:33:19 -0700 From: "NANCY POLCARO" Subject: Re: [CANSLIM] For Tom W. - ------=_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
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. 
 
----= - - Original Message -----
From: Katherine Malm
Sent: Sunday, September 08, 2002 10:05 PM
=
To: canslim@lists.xmission.com
Subject: Fw: [CANSLIM] For Tom = W.
 
Hi Gene,
 
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.
 
Katherine
 
PS Scary thought to think anybody's reading Wade Coo= k for investment advice.
 
PPS...all dogs have= their day.
 
-----= Original Message -----
From: Gene Ricci
Sent: Sunday, September 08, 2002 11:19 PM
Subject: Re: [CANSLIM] For Tom W.

Katherine, not sure what a 'real' e= conomics 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 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.... My longs for tomorrow are: EK, XOM, SBC, JPM and IP.... the selections were 'no-brainers' ..= . http://www.dogsofth= edow.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...
<= DIV> 
 
----- Original Message -----
Fr= om: 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 som= e *real* economics books to go with it. :))
 
= Katherine
----- Original Message -----
From: Gene Ricci
= Sent: Sunday, September 08, 2002 9:08 PM
Subject: Re: [CANSLIM] For Tom W.

Thanks Tom, this is from a= mazon.com ..... I just ordered his book...
Gene
 
 
In Conquer the Crash, 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), 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. 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. Conquer the Crash 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. --Harry C. Edwards
=
----- Original Message -----
= 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 a= nd others can do a better job.
 
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.
<= DIV> 
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).
 
=
----- Original Message -----
From: Gene Ricci
Sent: S= unday, September 08, 2002 9:46 PM
Subject: [CANSLIM] Fo= r Tom W.

To= m, can you help me understand deflationary depression?
=
 
Thanks,
Gen= e
= - ------=_NextPart_001_0000_01C25850.E579FC00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2927 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.