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Biotech / Medical : Biotech Valuation
CRSP 55.26+1.2%3:59 PM EST
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To: Biomaven who started this subject5/15/2001 2:19:45 PM
From: scaram(o)uche  Read Replies (2) of 52153
 
50 basis point cut.

Cut before last, thestreet.con's Jum Cramer came out and said that an interest rate cut would send "biotechs" down. The sector suffered for a bit and then rallied.

Last cut, thestreet.con's biodancer said that an interest rate cut would send "biotechs" down. The sector suffered for one day, and then rallied.

Some day, with biotechs at all-time highs, the Fed will start to RAISE rates. What will thestreet.con say then?
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