Replies to post #119372 on Biotech Values

[jbog]

Dew,

Many of the European Drug comapnies are at their highs right now. You'll see SNY, AZN, Emerck and Bayer at or close to their highs.

As usual, that doesn't mean they go higher.

[ilpapa]

Is pharma back?

Maybe too much so. The air is getting rarefied up here and I've been thinking of cutting back on ABT and BMY.

Good yields and decent valuations weren't protective in '08 and early '09.