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Technology Stocks : Veeco Instruments-Who?
VECO 29.28-0.1%Dec 26 3:59 PM EST
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To: Carl R. who wrote (1489)9/12/1998 3:52:00 PM
From: Zeev Hed  Read Replies (1) of 3069
 
Carl, the differences between now and 1929, in the US are actually even greater, aggregate demand collapsed a condition which the "safety net" of today is supposed to avoid. I must say, however, that in many of the countries affected, there is no such safety nets, and thus these countries could go into depression like sate, which will bring strong deflationary pressures. To the extent that these deflationary pressures percolate into our economy and translate to just a mild deflationary environment, profit margins may be squeezed and even a local recession could ensue. I do not see that happening right now, but it is not outside the realm of "possible".

Zeev

PS, I am still waiting for our own seven days moving average BTB ratio to drop under 1 before I feel like giving an "all clear" signal (VBG).

Zeev
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