Biotech Values

[vinmantoo]

oldberkeley,

Well, there is a difference between feeling good about some wealth accumulation as opposed to the dread at watching ones entire portfolio shrinking week after week and month after month. It is fine to feel better as I do myself about the current rise. Maybe that is what the not so wise Greenspan is pontificating about. Irrational exuberance would be buying lots of new big ticket items and increasing your spending but "financing" it by going deeper in margin to "maximize returns". I don't think we need the market to go much higher very quickly. It will be pretty good if we just drift sideways or perhaps a slow increase.

I will mix some metaphors in an effort to sound as profound as Chauncey Gardiner. It is okay to dip your toes in the water at the ocean, but the water goes in and out so don't wade in over your head and get stuck without a chair when the music stops. :)

I haven't even started drinking yet today!!!