Things Are Lookin’ Up: Investor Activity Reaches All-Time Highs

The day this issue was being put to bed (in January), the Dow was flirting, precipitously close to topping 11,000. Isn’t this amazing?….Right beside announcements and revelations of serious troubles, plant closings, etc. by two of the big three U.S. automakers, with the aftermath of Katrina still to be dealt with, with a war still underway, investor confidence and investor activity within an inch of all-time highs!

Spending on biomedical research in the U.S. more than doubled in just 2 years, from 03 to 05, topping $94-billion. 57% of the dollars came from the private sector, too. Funding from pharmaceutical and medical device firms increased by 102%. This is the pay-off/trade-off to the advertising by and prosperity of the much-maligned pharmaceutical industries. (Source: Journal of American Med44ical Association)

— Chris