Just a fyi, I had a few scotches. Listening to the pundits they pretty much decry how the world is in a deeper and deeper recession. Listening to the Chinese, they blame it all on the US. Well yeah they are right. We have stopped buying their crap at inflated prices. [more]
While some keep hoping for an "Obama rally" it just can't happen until we see that 4thQ GDP number set for 1/30. I think the general consensus is negative 5 pct.. Personally I suspect it will be slightly less, going to say -4.5.
I am looking to add a Pharma stock back to my real life portfolio and am having a hard time choosing. I did have Pfizer at one point but sold out at a small profit before it tanked and a small position in Mylan which again I sold out at a small profit. I still like Mylan as a long term play off generics (though it doesn't pay a dividend now which bothers me). My problem with PFE is, while they have a ton of cash, their pipeline is not strong, their bread and butter drugs will come off patent and their CEO just doesn't seem to want to do any kind of impactful buyout. [more]