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Strategies & Market Trends : 123 Trends and Reversals
QQQ 629.07+0.5%4:00 PM EDT

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To: Ally who wrote (92)2/8/2001 10:39:57 AM
From: Michael Watkins  Read Replies (1) of 147
 
Excellent report. Always nice to get a good one while in a position ;)

Hey, you're more fundamentally oriented than I - so a question: with basic industries regaining pricing power; raw materials and energy going up in price; but a slowing economy, what do we end up with?

- recession + inflation?

Does this cap what basic industry companies can do or are they the only victors in such an environment?

I don't pretend to really understand all the economic underpinnings because I've never directed my mind to put in all the work.

Its snowing here in Vancouver.

But I'm not dimwitted enough to realize that increased price of production is going to hit people in the pocketbooks, perhaps at the time when they can afford it less than the past 5 or so years....
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