Biotech Values

[bladerunner1717]

Dewo,

I'd be cautious with a statement like this:

I'm leery of the market moving forward, and bios in particular in advance of the Jan special election since a democratic controlled senate poses more risks wrt drug pricing.

The biotech centers are in New York, Massachusetts and California, all Democratic strongholds. I'm not certain that you can count on Democratic Senators from those states to be so supportive of severe drug price restrictions.

There's a lot of money on the sidelines and my sense is that as we move forward with the COVID vaccines and better treatment for COVID, the markets will respond very positively as the overall economy recovers. And getting rid of Trump should stabilize the markets. All this holds as well for the global economy. Also, Biden will push hard for an increased stimulus package, which Mr. Market loves to see. And all this in a low interest rate environment. It might be time to party. LOL

Bladerunner