Anavex Life Sciences Corp (AVXL)

[WolfofMia]

Personally I think it depends on what you pay. One thing that nobody can deny is that with the CAPE PE of around 35 bucks or higher, we in the most expensive market of all time, more than 1929, with one exception, 2000. The financial industry will agree but they will then marshall their arguments: zero interest rates and TINO

I agree with this sentiment, we are due for a major correction.

But as you mentioned no way to time it, also why I'm not invested in any blue-chip companies, even removed all I was allowed to from my 401k.

But one thing is clear: for those theorizing that if this market goes seriously south, that small bios will escape carnage, that is simply untrue and I can tell you have not been in the market for very long, certainly not 2000 or 2008.

The question is not whether they will go down or not, they will go down.

But will which of the remaining will bounce back the fastest?

Since the future is bright and potential revenue will turn the PE positive, AVXL is the one I choose among a couple more, all babies with no PE.

All that money that pulled out will be looking for a place to re-invest.

To me there is more risk in being out of this particular stock at this juncture in time, even with the imminent but impossible to time market correction brewing.

Again I`m relatively young and can weather the storm if it comes sooner than later.