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Biotech / Medical : Biotech & Pharma.T.A,

BIB 77.21

-1.5%

Dec 18 4:00 PM EST

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To: Jibacoa who wrote (2147)	10/2/2008 5:39:26 PM
From: Jibacoa	Read Replies (1) of 3722

O.T. again.<g> Under the present market condition it doesn't seem yet safe to consider buying any stocks. I have just been trying to find different places to park some cash for a while.<g> At any rate, and pending the second attempt of the House to pass a bailout program, I was looking at the % of the 'correction' at present, compared to the previous one.( Of course if instead of a 'correction' we get a 'recession' or a 'depression' that would be a different subject.<g>) As previously mentioned, If we get the same % "correction" in the DOW from the Oct H of 14279 as in 2000-2002, then the drop would be of 5673 points, or to the 8606 level, but if the "expected recession" doesn't get as bad as many people think, & the "correction" is only of 30% then it would be a drop of 4284 points from the Oct H to the 10000 level. The L so far this week was at 10365 We are close to the 30% 'correction' from last Oct H. bigcharts.marketwatch.com Let's hope that we don't get the 'correction' to the 8600 level. bigcharts.marketwatch.com And we don't want to even think on the 'depression' figures. The % drop in the 1929-1932 from the H of 381 on Sep29 to the L of 41 on Jul32 was of 89% The same % drop from the Oct2007 H would be of 12742 points or to the 1536 level.<g> And of course, the historians say that the 'depression' in 1929 was not as bad as the one in 1873. The one in 1929 they say it was after excessive increases in inventories and the 1873 one after a bubble in real estate prices. I hope the House makes the right vote and that the 'bailout program' helps to prevent further damage to the economy. Bernard

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