No. Bubbles exist when nothing exists. The leaders and even small cap companies are coming up with evolutionary drugs on a monthly basis. It's simply a cycle of money moving into commodities combined with profit taking, some less than stellar earnings and guidance, and technically needing a retrace. This could potentially be the last of it today sitting at lows of last month especially if GILD comes through. If GILD disappoints then we retrace back to 295-300. This is nothing more than an opportunity to buy into a revolutionary sector that won't slow anytime soon. What bubbles have we had? Tech - fake companies and products that were shells or housing - inflated prices and forced bad loans? Bubbles exist through manipulation. We do not have that scenario here. If you can't see through the BS your not thinking clearly. Last March we swung down 20%... Was that a bubble popping? No of course not. BIO is a more volatile sector so the swings are greater but the sector is healthy and strong. I'd be buying this downturn in segments of you have cash. Bought at 344.50 and 338.20 so far.
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