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Biotech / Medical : Biotech Valuation
CRSP 57.98-6.4%2:12 PM EST

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From: Biomaven11/2/2012 3:57:59 PM
1 Recommendation  Read Replies (1) of 52153
 
Seeing it's just about the weekend, I'd note that all the stats geeks have it projected for Obama:

Obama' EV's are projected at 538.com-303, Electoral Vote- 281 (42 Ties), Votamatic- 332, DeSart- 281, Gott- 282, and Wang- 319
I'd sum it up that Obama holds a very small but consistent lead in the majority of the swing states and there is also a very small but consistent bounce for him over the last week or so.

The good news for all is that a victory by either candidate will allegedly produce a stock market bounce, because the market is apparently too stupid too realize that one of the candidates will win:

>>JP Morgan Report: Either Romney Or Obama Likely To Spark Market RallyBENJY SARLIN 2:08 PM EDT, FRIDAY NOVEMBER 2, 2012A strategy report for investors by JP Morgan suggests that regardless of which candidate wins the presidential election on Tuesday, markets will likely rally in the short term.

"Historically equity markets have rallied following a close election, regardless of the winner (incumbent or challenger), likely benefitting from the reduced uncertainty," the report reads. It predicted Romney would likely receive a slightly bigger bump the next day than Obama due to his popularity with investors.

Tom Block, an independent consultant on the report and former head of government relations for JP Morgan Chase, told TPM that he expects to see a lot of money earmarked for potentially affected industries like energy (oil/coal for Romney, wind/solar for Obama) and health care come off the sidelines enter the market once there's more clarity.

"They've just been reluctant to commit until they see the outcome," he said.
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