Biotech Values

[Shengli]

a problem is that a peak can only be determined in retrospect. How high is high?

I agree 100 % with your post .Thats why i am not 100% cash. I would rather miss the top or and buy the dips and sell the rally s for now .But i do believe one day in the next few months we will have a tremendous sell off in US equities . We just a 3 % sell off in the Shanghai last night. I had most of my trading account in China or US Biotech until recently . The problem with sell offs in China and Biotech's is that they were laggards last year. So the big sell off i expect this year is in the US market who knows maybe spending 90 % of your GNP product on debt will be the new math.We Americans were never good at math anyway.