Symantec research manager Liam O Murchu said they were dangerous to users because they were new.

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"The smart money is on buying gold" rather than selling, said Mark O'Byrne, research director at gold dealer GoldCore in Dublin.

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The research was done by Professor Sascha O.

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O'Shaughnessy's research shows the average one-year bounce after the 12 worst 10-year periods was 26%, and the average 10-year return was close to 11%.

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"The excitement of the last four years in obesity research can't be exaggerated, " says Professor O'Rahilly.

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O'Shaughnessy leans to smaller companies, but his research suggests that the approach would work against a universe that includes big companies.

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Besides SCI and biotechnology research, most of the budget is used for ethical and over-the-counter (o-t-c) products.

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