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Biotech / Medical : A crash for the markets - a crash for biotechs ?
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To: trevor john wilkinson who wrote ()2/4/1997 6:29:00 PM
From: Lee Mehlhorn   of 74
 
Trevor I really think that the market will tank sometime, the question is when. I live in Canada and have been in the investing game for several years. I really think that when the US Federal Reserve decides to raise interest rates that's when you'll see the 15% - 20% correction. The FEDs meet on Feb 4,5, I really don't think that they are likey to push rates up since the last economic indicators were very anemic. So, when then, maybe March 20, 1997 at their next meeting. I'm sure that Greenspan (FED Gov.) is getting the itchy finger to move rates up. When the correction does come don't count on much of anything being immune to it. You could look at it as an opportunity to buy stock at a discount!
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