Biotech Values

[bladerunner1717]

Well, Dew, Rosenberg and Housmann are anything but clueless and they have been dead wrong, too. Rosenberg had the DOW at 9000 by year end and unemployment at 11%. I think both have underestimated the effect of QE and now, of course, the tax cuts. (I was in their camp, so I have been wrong, too, although I have stayed fully invested.) Rosenberg, incidentally, still sees a strong possibility (no longer 100%--LOL) of a double-dip recession based on the dismal housing numbers and the continued household de-leveraging. Rosenberg has been right all year about bonds and gold, though, so his investment strategy has worked out pretty well. (He still likes bonds over equities, but I think his bond thesis is on thin ice. As usual, we'll see.)


Bladerunner