Biotech Values

[DragonBits]

dew, the rally was much bigger and longer than I thought it would be. So I would have to call this a bull market even if at sometime we get another bear market.

I do think we are in a secular bear market, but the current bull market could go on till 2012, so I think it isn't really important what we call this. I think retail traders get to hung up on labels.

It could even be that the FED will manage to avoid another big problem, they are being very clever in how they are managing expectations.

There are many that argue that we are headed for disaster, I can see the validity of their arguements, but I don't think the future is easy to predict, the timing virtually impossible, and it isn't important to predict the distant future. IMO we only need to predict the next few weeks to months, I don't see any huge downside even though we are very overbot in the indexes.

The biggest problem right now would be some sort of terrorist attack, or maybe an actual default in europe. So I doubt any general market meltdown will happen for quite some time.