Ransome

Where the Big Money Is Betting Big

Big money is dumb money. A market is made by smart money. It is projected that this new and rising market will hit $200 a barrel by the end of the year. Dumb money moves in. Near the plateau, smart money moves out while momentum defies gravity for a while longer.

Small molecule development is vastly different than large molecule development which has approximately four or more major hurdles to conquer not found in small molecule development.

Mergers are a sign of weakness, especially in the pharmaceutical sector. Guarantees 5 years of internal turmoil.

Gold is an inflation hedge. Did we add to the money supply or did we replace bad securities with good money, a zero sum game. Any chance the debt encumbered consumer will increase demand?

Real estate: Buying five houses and managing the rentals is a way for seniors to survive. The price of admission is still dropping and they are still making people that need a place to live. Fewer will qualify for a mortgage.