Biotech Values

[corky]

if the fed funds rate change take a yr to flow into economy

then those who thought the last 2 rate hikes were not needed and would cause a problem

are now proven right

more and more mortgages use some sort of short term monies and that cost of money has 3x

note that long term money 6.5% is not high

and the underline asset is < even with the down turn has held at least 90% of value>

but he hedge fund are at 0-10% of value

corky
ps this is not over yet 3 mo. of hell left