The way I see it.

 

BTI appears to be close to proving/providing a world class technology after over 20 years of scientific research. Enormous sums of money (liquidity created/printed by the U.S. Federal Reserve) are looking for yield in a near zero interest rate environment. Low interest rate bonds are near played out. Therefore huge money flows are seeping into equities. This is why the DOW and the S&P 500 are still moving up against a backdrop of a sluggish economy … with some stocks returning double digits.

 

A biomedical technology breakthrough such a BTI platform (or even the close promise of one) will draw investment capital in waves… seeking to quench an insatiable desire for return on investment.

 

There isn’t a whole lot of time left before another major shock to the global financial system creates even more havoc than was seen in 2008.  The S&P 500 and the DOW are at approximately the same levels as in 2000 … and taking inflation into account, are worth far less in real dollars. There may be anywhere from a few months to a few years before a major depression commences due to the ravages of global currency debasement and inflation… piled on top of trillions of debt that can never be paid off… debt on which the interest alone is consuming all tax revenues and more in the US and most global economies.

 

I believe there are few near term opportunities (weeks/months... then escalating) that BTI represents.