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Biotech / Medical : 2000-Year of the Biotechs! -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (329)	2/18/2000 8:48:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 1142

On the market TexasDude. I believe things may get better sooner than you think. Once again I base my statements on the fact that the market is making headlines in a very negative fashion. Greenspan is now on record setting us up for quarter after quarter of rising interest rates. It's not going to happen. Yes we have some inflation but it is related to sectors like oil which no longer have near as much influence on the market as they once did. What we have here is record level of employment and stockmarket returns like no one has ever seen before. Can this last forever? No, but it will take more than a little Greenspan speech about "Irrational Exuberance" to totally derail us now. When the market crashes, and it will, it will be due to external forces like a war or a natural disaster of epic proportions. I don't see anything on the horizon of that nature. GLGC looks like it is starting to retrace its gains to me. It might consolidate around 108 again. LGND looks ok still on a short term basis. Longer term it like so many of these stocks is really over extended. Best of luck. I like Mike am sitting on a decent amount of cash right now. RTS