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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Lost1 who wrote (15515)	8/18/2002 2:16:32 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 17639

yup, the thing that most people don't realize is that bear markets have a purpose. They are an enema to the economy. And frankly, there is still a lot of shit to be cleared out. We'll know that the bear is over when a company like BRCM isn't sporting a market cap of $5B on an EBITDA of -$1.4B and income of -$2.25B.

To: Lost1 who wrote (15515)	8/18/2002 3:01:56 PM
From: MulhollandDrive	Respond to of 17639

another interesting article posted by les h. 2000wave.com Quacks Like Japan August 16, 2002 If It Quacks Like Japan Japanese Disease We Have Not Yet Begun to Push The Real Difference between Japan and the US Secular Bear Economic Cycles Why the Fed Did Not Cut Rates Home Again, Home Again Today we examine several fundamental and criticaly questions, to see if they give us come clues as to the direction of the economy and the stock markets: "Why do we have no inflation since the Fed has been growing the money supply at very high levels for a very long time?"; the ever popular, "Is the Fed pushing on a string?" and "Is the United States headed down the same path as Japan?" My analysis will be controversial in many circles, especially the doom and gloom circuit, but will not make market bulls happy either. As usual, I will fall in the Muddle Through Middle, which is precisely where you should be. I first wrote seriously about deflation in the fall of 1998. It has been one of my more enduring themes these last four years. There are deflationary pressures everywhere: too much capacity, Japanese and Chinese deflation washing to our shores, imploding debt, etc. The list is long, and I have written about them extensively in past issues. But I must admit that even as I predicted and demonstrated the presence of deflation in the US and world economies, I was puzzled as to why these deflationary pressures persisted in the face of very strong growth in the money supply. My basic monetarist instincts (a school of thought in economics) said such high growth in the money supply should be reflected in the inflation rate. ........