Tough economic times

The recent headlines all over the papers are about how the economy is crashing, dogs and cats living together, and how we are all doomed.

Many corporations are looking at this and taking big steps to deal. Affy decided to move it's manufacturing to Singapore (although, it just guided down for the year and got it's stock smacked by 35% today). You see, in far less obvious ways, most of the other companies doing this as well.

Against that backdrop, I don't see the weakness in the pharma and biotech companies. They are still buying and still looking for stuff. In the smaller companies, I still see them out there and trying to get stuff together. They are still asking for a bazillion dollars to be acquired.

Just a weird disconnect that I am seeing. Not sure whether the sky is really falling or whether it just hasn't yet fallen on the companies I am looking at. At some point, hopefully they are aligned.