Biotech Values

[jbog]

Blade,

The Business brains constantly try to compare this recession to previous history and I'm not sure I agree with that.

The big difference is the involvement of the Treasury, Fed and our Fed Government.

The recessions I remember ended when the American population, after some government assistance, could finally stand on its two feet and GDP showed some positive numbers. In this recession as of right the Government is deficit spending 10% of our GDP, Fannie and Feddie are racking up loss's and our Federal Reserve is buying our debt with magic money.

So you want me to consider something called a "double-dip"? Come on, we're not even close to being out of the original recession. I don't trust the scorekeepers in this game at all. I think it was this week when we were told that 22% of ALL MORTGAGES in the U.S. are underwater.

I put no faith in what the stock market tells us, because history surely tells us it can be as wrong as it is right.