Bursting Biotech Bubble Bounce Fades Fourth Day In A Row

Tyler Durden's picture

It's deja vu all over again in Biotech bubble land. For the 4th day in a row, and opening salvo of hope-fueled buying has faded quickly into a sea of red-faced selling as The Nasdaq Biotech Index holds down 13% from the highs at is 100-day-moving-average. Will 4th time be the charm for the revival of the bubble? or is today the break?

 

 

Charts: Bloomberg