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Re: DewDiligence post# 195371

Wednesday, 09/30/2015 3:03:06 PM

Wednesday, September 30, 2015 3:03:06 PM

Post# of 253221
Biotech-bear-market factoids—Using a 20% decline in the S&P 500 biotech sector as the metric for defining a bear market, there have been 18 bear markets since 1992 (including the current one), which have had an average duration of three months and an average peak-to-trough decline of 29%:

http://www.bloomberg.com/news/articles/2015-09-29/bespoke-biotech-stocks-could-fall-another-10-percent

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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