Replies to post #89776 on Biotech Values

[flatlander_60048]

Bloomberg had an interesting observation that the last 2 times that we have posted a GDP increase of 4.5% or more after a recession (1991 and 2001) the SP followed this by dropping 10%. I think the market had anticipated the good GDP showing and took that as a cue to take some off the table assuming that a similar decline was going to occur.

If this is the case we may have a little bit more to fall before pulling out.

FL

[zipjet]

Congratulations

It beat my expectation by 1.5%.

:-)

2.3% (net of inventory adjustment) is nothing for the US to brag about and given the rising productivity - it won't reemploy our workers.

ij