This is a chart of the pharmaceutical index (DRG) since December of 2000. This is your "brain". This is Mark Haines describing weakness in the drug index today.It's the Obama Effect
I believe he is correct and it is a very astute observation. Market's are forward looking and DRG has clearly spent 8 years discounting a future Democrat in the White House.
9 comments:
Lennys got a house on the market. He seems to running the deep out of the money call playbook in the real estate market too.
You should make a bid
rofl, I see that. Let's all pool together and make a bid.
Hey Adam, I think we're going to see a lot of the whole "Obama is bad for business" mantra between now and November, no matter the merits.
just a little, geez.
just a little, geez.
Obama is going to put money back in the pocket of working Americans and out of the hands of coupon-clippers who were the lucky sperm. Screw them.
HEY !!!!
That wasn't very nice !
LOL. You deserve Single-payer health care and a college education. YES WE CAN!!
glad you too resolved this.
I was thinking about it, and not sure this one is even ideological. I mean of all people there, Mark Haines does not strike me as right leaning, he seems to have pretty equal opportunity bashing.
I think it's more just mindless devotion to narratives, like "Oil Up, Stocks Always go down" and "Dems wil kill pharma as we know it", lack of evidence of causality and correlation be damned.
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