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Pastimes : Home on the range where the buffalo roam

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To: Sig who wrote (9428)	10/17/2002 12:53:44 AM
From: pbull	Read Replies (1) of 13815

Bull market in pharma. From the July lows, mega caps MDT, PFE, MRK, JNJ, etc., have tacked on some nice gains. So give Barton Biggs a few brownie points. On a bad day like today, these were mostly up (or down slightly), and biotechs (not the fairy-tale kind) look OK, too. Who says there's no speculation in this market? CHIR, market cap $7 billion, PE 61, keeps going higher. I like the sector, just stay away from the make believe. PB

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