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To: Les H who wrote (48858)12/18/2000 4:46:55 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
yep...several such buy biotech articles have appeared in the course of this year. i know from a reliable source that the staff at some of those biotech firms are rather astounded at the valuations accorded their firms.

i think the extent of the NDX decline has to be seen in the context of the size of the preceding blow-off...so far we're merely back to '99 levels. if there should be a recession, it's certainly not discounted yet.