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Biotech / Medical : Biotech Valuation

CRSP 52.51

+2.7%

Nov 14 9:30 AM EST

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To: John Metcalf who wrote (9932)	1/5/2004 11:47:30 PM
From: Ian@SI	of 52153

You folk need to believe in conspiracies a little more! ;-) 1. US has financed its debt from foreigners while the dollar was strong. 2. US still has the world's strongest / largest economy. 3. The debt will be repaid. No one is going to forgive US debt. It's not exactly a poverty case. Not yet, at least. 4. So what would any reasonable person do? Pay it back while the dollar is strong; or when the dollar weakens. 5. And foreigners do have an excellent track record for buying high, selling low. Why should this time be any different. FWIW, Ian

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