Biotech Values

[bladerunner1717]

This is true, Dew. Furthermore, very few investors hold the bonds to maturity, so the premise of the author's argument doesn't hold.

Furthermore, as a number of commentaries--I read over a hundred of them--on the article point out, the bond market has recently become the playground of hedge funds and speculators, so a "bubble mentality" is building in the sector as well.

What did Buffet say? "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful."

Nonetheless, having said that, I expect September/October to be difficult months for the stock market, as Rosenberg's predictions of downward revisions of GDP and growth in unemployment may come true.



Bladerunner