What’s been pushing biotech stocks down for the last couple of months? Thinkblog says it's fear of a Democratic Congress.
I think there is a lurking reason in the background, proving yet again that Wall Street is a clever discounting mechanism. I see a shadow lurking of a Democratic Congress, and that impliies to many not only a stricter regulatory environment; it means to many a resurection of the discussion of cost containment in healthcare, whether that entails price caps, rationing in some way, dicsussions of pharacoeconomics, as well as a debate on insurance. If this is the lurking malady causing the symptoms seen, it is unlikely to go away soon.
But is the prognosis really so dire? What would Thinkblog prescribe to alleviate the affliction? Can we see the patient's charts again? How many more healthcare related metaphors can one post possibly tolerate?
What is Ailing Biotech? [Thinkblog]