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Biotech / Medical : Biotech Valuation
CRSP 54.58-1.0%Nov 10 3:59 PM EST

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To: Biomaven who wrote (3801)5/15/2001 9:06:39 PM
From: Michael Young  Read Replies (2) of 52153
 
Your analysis is correct.

Biotechs aren't dependant on economic cycles. But the sector needs a "speculative" market willing to bid up stocks with little or no earnings. Rate cuts obviously add the liquidity needed for that type of speculative mood.

MIKE
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