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Biotech / Medical : GLGC Gene Logic -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (297)	3/22/2007 11:25:33 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 360

Yeah, gold is a possibility I suppose. I just never liked something they just dig up out of the ground, and has such limited utility. (Well, limited utility at $500/oz.) Yes, I think inflation is likely--it is the only way America and Americans can both get out of debt, inflate our way out if it. Aging population--I've never bought into the idea that the demographics drive good stocks. Well, that sounds idiotic. But I mean to say that it is the common wisdom (that the aging of America will result in some sectors outperforming) healthcare and leisure I suppose. But healthcare for one is far too expensive, and already represents far too much of the economy. In my mind all costs associated with healthcare could be halved and still we would be pushing too much money into that sector. For that matter, there are twice as many small biotechs than there ought to be. And far too many for me to follow. And that is part of the reason I've turtled in, partly throwing up my arms. Too many stocks in general--and I'll bet there were too many in the 1920's. Of course this is nothing new, far too many listed stocks were born, and far too many mutual funds came to be over the past ten or 20 years.