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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1521)4/5/1999 1:59:00 PM
From: Freedom Fighter  Read Replies (2) of 1722
 
Porc,

>>Likewise, when money ia an
appreciating asset (deflation), banks and consumers hoard money, and a deflationary
spiral is underway.<<

I have a question about this. I understand the concept and it makes perfect intuitive sense to me.

What do you think about the following?

Considering that technology prices (especially computer hardware) are falling so rapidly, would you recommend avoiding the purchase of tech companies at these prices? Aren't dollar assets appreciating relative to computers and doesn't that argue for delaying purchases of them?

Wayne
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