Biotech Values

[jq1234]

US economy wise, I don't see 2011 would be dramatically different from 2010, overall slow growth (likely faster than 2010). Similar to most people, I don't see unemployment go down that much either. As I mentioned in previous post, US economy is going through structural changes after financial crisis. I still believe what I thought in 2009, it would take at least 3-5 years to fully recover.

World economy wise, economic power would continue the gradual shift from developed to developing countries. The question to me is always whether the shift would be orderly or disorderly?

As of the market, I don't pretend I know what's going to happen. Based on my past 10 years of investing experiences, it was always easier for me to predict macro economy than the market. Strong economy doesn't necessarily mean strong market, vice vesa. Based on this fact, I don't invest in overall market that much. I tend to invest in value biotech/pharma, espeically during uncertain time because they have their own life cycles, and it is area I am most comfortable with.