Replies to post #210135 on Biotech Values

[masterlongevity]

i think he will succeed in cutting the US corp tax rate by a substantial margin. its backed heavily by all republicans. that may be the only thing he succeeds at in his entire presidency, but should help biotech

[Whalatane]

Dew. Agree that the market is not cheap .... but where else do U put your money ?
Kiwi

[poorgradstudent]

OT: Market

When you look at the gains in some small-cap names (including several biotech stocks) since the US election, it seems that investors are expecting more than a token reduction in the US corporate-tax rate.

Agree. The whole market run seems to be one of anticipation on the part of some investors.

I don't think smart businesses make any meaningful financial decisions on the expectation that a new President will hopefully come through on X and Y campaign pledges. Plus, no meaningful change in demand took place in the last 2 months.

I'm leery of this run. I read many bio investors getting excited about the money they're making in small cap bios, and everyone is looking like a genius lately. And in an informal manner, I've been getting more random twitter DMs lately with people asking about different small cap bios and asking, as an aside, if I'm also in Bio X which just went on a run for them. Sounds like retail investors in biotech are feeling confident and expanding their portfolios. I think all this is a prelude to a correction for our sector.