Biotech Values

[BTH]

I've bought both CRIS and ARIA and EXEL for the past couple of days (not today). I'm not going to buy more. I still don't like the tape. Will see how things settle in, and hopefully get a good trade out of them. If anything, I suspect they will be trading back to their 50 DMAs which would be a good trade, and then back test, which would present a better opp for a longer term position.

What's the 10Y UST yielding 2.3% now, and the 30Y UST around 3.50%? People thought rates were low when the 30Y UST was 5.50%...geez. I don't see ANY hyperinflation coming for two reasons: global economy sucks and secondly, the Fed isn't dumping their assets. If anything, they'll be buying the longer end of the curve (as has been discussed) if those rates begin to rise).

Other than the fact EU is in shambles still and our economy sucks, I don't know where else you put your money unless you want it under the mattress. Banks are paying .0025% interest (or you have to pay them if you have too much). Gold just had a nice reversal today (hope the GoldBugs get DESTROYED soon). I can't see how extending low-rates out until at least mid-2013 isn't going to be good for equities (especially the ones that carry a yield).