THE ANALYSIS

Every shrewd analyst that comes on bubblevision now bashes the drug stocks with the same theory, they will be tough to own during a democratically controlled Congress. Well note to all the shrewd sell siders, under George W. Bush (1/2001) and a Republican controlled Congress, the PPH drug index ETF went all the way from about 100 to a current quote of 75. About a negative 25% return over a 5+ year time period. They will probably tell you that there were some extenuating circumstances during this time period (overvaluation, MRK lawsuits etc) and that is why they underperformed. I will tell you that trying to predict what will do well based upon who is running Congress or the Oval office before they get there and even after they get there is meaningless. There are always extenuating circumstances- its called - Investing.