Biotech Values

[rfj1862]

Another thought is can you imagine the market tragedy that would occur if the Democrats rescind the 15% rate? I don't think it's politically viable.

I am *not* talking politics here, but the Democrats are thoroughly between a rock and a hard place. I agree that they will likely take the White House and extend their majorities in the House and Senate, but it's likely to be a one election cycle phenomenon because the next president will take the blame for both the Iraq mess and an economy in shambles. The question is, from an investment standpoint, will they be able to pass a tax hike in what is bound to be an exceedingly bitter political atmosphere, particularly with all the other problems they will have to deal with.

I think the answer is probably not. We'll see though.