Biotech Values

[jbog]

I'm leery of the market moving forward,

Gee I looked at the market this weekend any came to the conclusion it is on the frothy side but really it's not out of line.

What is out of line is the number such as Dow 29K or NAZ 12.4K, those numbers are astonishing, but really not expensive.

What the question is what 29,400 really mean. 29,400 dollars? Well a quick look at history will tell me what a dollar is.

Lets look at it this way, around ten years ago the top 500 companies on the stock market had a valuation of $15.6 Trillion dollars. Today that valuation is closer to $29.0 Trillion.

Ten years ago I could have bought the top 500 Companies for 13.86 Bil ounces of gold. Today I could buy the Top 500 Companies for 15.7 Bil ounces.

Not out of line if you considering what happened to the interest environment and Government spending.