NanoViricides Inc. (NNVC)

[JG36]

Well, rationally the nonsense about the debt ceiling shouldn't have any effect on NNVC. After all, the usual argument is that failing to raise the debt ceiling will cause nonessential government services* to be shut down, the reduction in deficit spending will weaken the economy and worsen profits, so stock prices go down. But NNVC doesn't make any profits anyway. What NNVC does over the next two years is going to be unaffected by what goes on in congress over the next few weeks. But then, since when has the stock market ever been rational? Especially when it comes to early stage, highly speculative biotech stocks, where it's impossible to say what the rational price is anyway?

* Somehow those creeps who stick their hands in your pants at airports are always listed as "essential". Which is why I can never take congressmen seriously when they say there's nothing left to cut.