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Biotech / Medical : Elan Corporation, plc (ELN)
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To: William Partmann who wrote (2395)6/25/2002 9:27:14 PM
From: arnie h  Read Replies (1) of 10345
 
Bill <Re: I would add general market risk as a negative.>
Probably right to do so. If you look at 50 year charts for DJI and S&P500, and take out the 1995 - 2000 period, extrapolation of the prior 40+ year curves lead to values well below current levels. Looks like they could go down another 20% or more without even considering any overshooting.
Arnie
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