"Damn It, Janet!" Momos Mashed & Biotechs Buggered Once Again

Tyler Durden's picture

What did Janet Yellen do? Judging by the talking-heads or your favorite business media channel (or your friendly local asset-gatherer), she promised the Fed would hold everything up for longer and recovery (thanks to escape velocity growth at any moment) will be here any quarter... So what did she do that spanked all the high-growth hopes...

 

12 days in a row of dumping Biotechs...

 

But it's the entire high-growth bubble hype that is popping...

 

Charts: Bloomberg