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Plus, there's talk of a possible combination of Advanced Micro Devices and Xilinx.
The gauntlet has been thrown. Let the games begin.
As an investor, you are mercenary in nature. Never forget that. Politics and investment success must be compartmentalized.
This stock in my opinion is going to move violently in the short term.
One day after deciding that we still could not confirm the market's uptrend, we are forced to ask the opposite.
Even more important than fiscal support moving forward would be the concept of Covid-19 very soon being effectively treatable for the public.
BMY's announced acquisition of MyoKardia for $13B comes less than a year after its purchase of Celgene.
The short-term story for financial markets has been all about fiscal policy. This remains true.