Pharma, both large and small coupled with biotech's have been treated like the redheaded stepchild recently. I don't expect that to change.
Dew's global demand theory is correct, but initially there is an level that's one step below the end producers. When we listen to the major companies they have one common complaint and that's their commodity costs. That's the place to be.
The big question is if commodities choke the world. How high can gas prices go if we're still on somewhat shaky ground yet gasoline is at $3 plus?
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