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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 208.34-2.8%2:39 PM EST
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To: goldsnow who wrote (6959)9/19/1998 2:02:00 PM
From: Clarksterh  Read Replies (5) of 10921
 
Fleckenstein - People are talking about deflation in the world, and we want to bet on the only commodity that has truly collapsed in price throughout its history: semiconductor parts, especially memory.

While I think Fleckenstein may be right overall, (that we may enter a recession), his logic is a little flawed:

1) Semiconductor parts are deflationary (true)

2) Therefore investment in semiconductor parts is a bad idea (false - by that logic it should always have been a bad idea, and this is obviously false. For semiconductors the deflation has generally resulted in bigger markets as the number of units (transistors) grows even faster than the deflation.)

Clark
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