Sheff - TY - we may have got a few of us thinking about the situation.
No matter whether the bio index out corrects the DOW or Vise Versa we still need to do some hedging to protect ourselves. jmho
Mart"s point of the sector being somewhat overheated is certainly valid relative and consequently it is apt to over correct the general market assuming its more overheated than the general market. The severity of any correction in any sector or the general market will usually be tied to that variable.
I have always found it interesting that you can find the average P/E of the total Dow and see where it sits - 10-18, one end is usually when the market is way off in the toilet or during a recession, and undervalued, and one is when closer to the toppy ready to correct area. CNBC will occasionally put out info like that.
Thanks again
T2M
Watch your thoughts; they become words.
Watch your words; they become actions.
Watch your actions; they become habits.
Watch your habits; they become character.
Watch your character; it becomes your destiny.
