March 13, 2006
Drug Stocks - Interpret the News
That said, an interesting Drug buy in Germany. I like drugs. I take them everyday:
Anxiety - check
Flinstone Vitamins and Fruity Pebbles - Sugar Fix - checkeroo
Ambien - major check
Cholesterol - important but off them
Viagra - matter of time!
The merger could be another sign that a bottom is at hand for drug stocks. They are hated, rates are rising, they are generally safe in a bad market, and the litigators have never had it so easy.
I will look into PPH - the drug stock ETF tomorrow. Chart looks horrible so not for me, but for you readers that like trying to pick bottoms, it may be worth fishing.