I'm guessing that as soon as the repatriation of funds combined with lower interest rates takes effect that the majority of mid-cap and large Bio's disappear.
Hasn’t the repatriation of funds pursuant to the AJCA (i.e. a temporary low US tax rate) been completed by now?
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”