Word: teche
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...aware of the toll on the nation's health and pocketbook, medical researchers are devising a host of safer and more effective drug-delivery systems, many of them also designed to overcome the pain and inconvenience of traditional remedies. They range from such low-tech items as anal suppositories to innerspace-age microcraft reminiscent of the tiny ship that carried Raquel Welch through a patient's blood vessels in the movie Fantastic Voyage...
Some of the new drug-delivery solutions are elegant but decidedly low tech. "For people who have a tough time swallowing pills," says Langer, "a company called Alkermes has developed a special straw that is loaded with a premeasured dose of dry medication. The patient then uses the straw to sip water, a soft drink or apple juice." And for a toddler who spits out, throws up or gags on fever-reducing medication, there are fast-acting suppositories to which parents can resort...
...analysts on Wall Street sure are taking their lumps. They should have known tech stocks were going to collapse--and said so, wail the critics. A little more diligence on their part and maybe fewer folks would have speculated in profitless companies and lost so much money, goes the argument. Phooey. Why not blame analysts for poor retail sales during the holidays too; heck, for the entire economic slowdown? Didn't they cause the bubble that burst and left so many feeling poor? While we're at it, let's blame them for the weather, your weight problem and hanging...
...trapped with too many expensive tech stocks, take responsibility. Come on. Weren't you being greedy? And now you want to blame Wall Street for staking and touting unproven companies? Seems to me investor demand for such stocks preceded the supply. And let's not forget that the former highflyers were initially priced well below the nosebleed levels that rabid investors sent them to. Indeed, bankers came under criticism in the early days of the bubble for not pricing IPOs high enough...
There's nothing easy about it. So most people should never have had more than 20% of their portfolio in tech. If you had held utilities, food and energy stocks and real estate investment trusts with tech, you'd probably would have made money last year. And that brings me to another street rule: diversification works; it just doesn't work fast...