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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?


To: Bob Swift who wrote (1113)9/2/1998 7:11:00 AM
From: billy d  Read Replies (1) | Respond to of 10280
 
Bob,

I hate to play the bad guy all of the time but eventually the drug companies will also become too expensive (that could be said even now)
for investors to buy.

On Monday Merck was down 12 points, Pfizer was down six.

A bear market asks no questions and takes no prisoners and personally, even if this market rallies for a week or two, I think we are in the throws of one now. Yesterdays breadth was not very impressive considering the Dow was up 3%.

Longer term, the market is the place to be but if I needed my money to be liquid within the next 18 months I wouldn't by stocks right now.

Just my opinion.