Biotech Values

[theordore]

A bubble burst in biotech stock prices -- why are we not now experiencing it? A few of your thoughts on this provocative question will be greatly appreciated, given your immense experience and knowledge re. this sector. Each evening I sit and compare the time tracks of prices across a set of sectors, and I noted that the biotech sector (IBB and several major stocks) failed to show the short-term reversal upward that took place yesterday in a number of other key sectors. (Yes, the quality of my sampling of biotech indicators and individual stocks is an issue.)