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To: pater tenebrarum who wrote (8144)8/2/2000 6:42:15 PM
From: XBrit  Read Replies (2) | Respond to of 436258
 
Heinz, I have seen the deflation scenario referred to in two other places this week... by Don Hays and in a Forbes article.

What do you think would be the mechanism where we could move from the current accelerating inflation to deflation fears? Just a really, extremely hard landing scenario?

My impression of the post-1929 US deflation and the current Japanese deflation is that the economy needs to get quite badly damaged before deflation can happen.



To: pater tenebrarum who wrote (8144)8/2/2000 6:56:27 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 436258
 
<font color=red> Heinz KLIC down $4 to $18 after hours.

Reason -- several previous orders are not needed as urgent <GGG>

Buy CHIP stock

...... and GPS joint in sympaty GAPPING down $5.5 from NYSE close of 37 3/4

Haim



To: pater tenebrarum who wrote (8144)8/2/2000 9:48:51 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
heinz,

Remember how Hays mentioned today's market being like 1990. I had never studied 1990 in detail until I heard this.

It's a beautiful death-by-double-top on the S&P. He must have meant it was similar in a sentiment sort of way. The chart, other than being a great read, does not correlate well with recent charts.

(Grrrr. Wish we could post graphics.)

Remember we were taking about SPU. Today, the breakout to new highs is confirmed. I am seriously re-thinking about what's up. Yes, a decline is most imminent, but it will be more contained in the tech world than many foresee perhaps.

Oh yea, in 1990 the SPU foretold the fall with a nice divergence, and confirmed the bottom on the way out.

--Allan