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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (3463)	8/16/1998 4:01:00 AM
From: Berney	Read Replies (4) \| Respond to of 11051

Janko, it amazes me that we probably do not have an opposite to recession. As I review the threads on SI, there is a lot of talk of deflation. My well-worn Webster's dictionary defines inflation as: "an increase in the amount of money in circulation, resulting in a relatively sharp and sudden fall in value and rise in prices." Deflation, not surprisingly is just the opposite. It is interesting to note that there is no reference to increases in wages, metals, oils or farming products in this definition. It only relates to the government printing presses -- all other issues are a side-show. I stopped at a gas station a year or so ago and gave the clerk a magic $20 bill. She actually drew a line upon it with her magic pen. I asked what she was doing. She responded that she was checking for "fake" money. I noted that in fact it was all "fake" and based upon "In God We Trust". Alas, I received a very unrespectfull stare over her glasses. My point being that, if the Market were to collapse, the printing presses would have to work overtime to create the wierd looking Ben Franklin bills. The other day CNBC indicated that the entire market value of the Russian stock exchange was less than IP, a minor player on the DJIA. It's an absolute joke to think that this equity Market is going to affect the Intl world. Someone referenced a post several weeks ago that this entire "event" was being orchestratred now to ensure that it didn't happen right before our elections in late October. Could it possibly be so? The USA is really in a great position. We have little known exposure to "Eastern Europe" or Asia. Yet, the news media seems to want to focus on these "events". Microsoft is not saying goodbye to the USA or Washington, and as long as our commerse department values their exports as "plastics" and by the pound, I will continue to keep the faith. On the other side, as long as we value a GE at almost 3x its growth rate, the accountant in me says that we are going to have a problem. The concept of the problems associated with Indexing, the country baskets, so to speak, really needs to be addressed. Yet, the powers that be are silent. Why? BWDIK and all other disclaimers. Berney