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Post# of 80490
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bellweather1

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bellweather1

Re: piggerpig post# 4857

Thursday, 01/13/2011 1:53:14 PM

Thursday, January 13, 2011 1:53:14 PM

Post# of 80490
Agreed.

People/Investors are still chastened by their lack of confidence in the underlying fabric of the overall marketplace/economy.

Almost all biotechs are perceived as the ultimate risk-on assets, and if we were truly back to risk-on, stocks like ariad and arry would have valuations several orders of magnitude higher than today(like in 2000).

But I'm not sure we get back to that mo-mo orientation anytime soon, because of underlying worldwide economic structural problems that are real-which is why, irony of ironies, companies like ariad represent true value plays.


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