Ibexx,
--Off Topic---
MRK is valued less than PFE, because the street thinks PFE's pipeline is better, hence the greater valuation. PFE held up better today, also.
I think they are both excellent companies. MRK clearly has the best development organization in the pharmaceutical industry and has shown time and again that they can be first to market with innovative products. Hence, I keep my MRK shares. Am looking for a good entry point for PFE, though. Another couple of days like this will do it.
CNBC tonight has nonstop live coverage of the Asian markets----minute by minute reporting (it's Tuesday morning over there). Hang Seng is already down another 12%, so it looks like another down day for us tomorrow. Rather like ping pong---HK goes down, so the US panics and goes down, then HK reacts, and so on.
Maybe a bottom in here soon, I hope. Itching to buy some more CSCO, COMS, LU, INTC, etc.
Best of luck,
TCG |
