Quote from Covertibility:
They ought to name this the conspiracy forum.
So shares of Merck and Pfizer rose on the back of the PPT and not because new drugs were introduced and created new revenue sources.
Microsoft, Intel, Dell, AOL ...all Fed driven. Windows, Pentiums, boxtops for everyone and "You've Got Mail" really didn't mean squat. Sales and profits during the 90's were an illusion.
Manufacturing firms relocating to Mexico and SE Asia for cheap labor didn't mean lower costs and boosting corporate America's bottom line. Oh hell no, it was the printing presses in DC that popped share prices.
Banks learned how to manage risk? Oh hell no, as long as Grandpa Al is at the controls, all is well.
All in the name of FUN my friend ....as traders we are all paranoid to a certain extent.
And no the reason PFE rose is because it has the best pipeline in the biz, and no one wanted Sandisk at 90!
Good trading
David
:Yawn: :eek: