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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1521)	4/5/1999 1:59:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to 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