Biotech Values

[jbog]

OT Roubini,

Someday someone will evaluate the market "swoon" that really only lasted around 6 weeks starting in Feb and ending in late March.

The SP dropped and regained 27% in that timeframe, which interesting enough ran tandem with our governments "stimulous sales job". Once we hit the 850 mark again in April, its 27% rise since then really can be diluted by a 16% drop in the dollar index over the same timeperiod.

Bright skys aren't here yet.


ps. When the last time we heard the term mark to market?