When Fighting The Fed Pays - Biotechs Hit Record Highs

Tyler Durden's picture

Presented with little comment aside to note Biotechs are up 33% from the April lows and have reached all-time record highs and have now totally ignored 2 warnings from Yellen - who just last week was heralded as omnipotent.

This is the best 3-week run in 13 months...

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Divided States of America's picture

biotechs is the way to make the most bucks with all these leaked FDA annoucements to hedgies like Steven A Cohen, Bill Ackman.....Biotechs are all inside information driven...Yellen talked it down a few months ago so her buddies could load up knowing that there was a spike to come after...I saw how GILD tanked from the 80s to the mid 60s and now its over 100. This entire thing is being orchestrated to allow certain people to make out like bandits. Look at ITMN, PBYI, ICPT.

max2205's picture

Yellen doesn't know her cunt from a hole in the ground


NidStyles's picture

When they figure out that it's all just vaporware BS then we shall see what they are really worth.

aVileRat's picture

I'll be honest, finding a cure for a cancer and a cure for Ebolia, just a few days after Yellen warned on 99x P/CF(clean) shut me up good. Just ride the wave, just like the biotech run in "cloning" companies in the 90's. It's all cool.


wallstreetaposteriori's picture

Apparently the market sees things differently... All I hear is how everything is undervalued, especially biotech.

Bloppy's picture

Glad I have this figured out: stocks go UP when there's QE, UP MOAR during tapering, UP MOAR for bad news, UP MOAR for good news, UP MOAR for bad earnings, UP MOAR for good earnings....

Also: Joe Biden says girls lack the same rights as boys---


smcapmachine's picture

<---------- ZH is an absolute joke.  

<---------- ZH's accuracy rate is approx. 1%

Divided States of America's picture

<---------- smcapmachine is an absolute joke.  

<---------- ZH is an absolute joke.

smcapmachine's picture

ZH's perfect inverse correlation to the SPX has made me a very rich man.   Don't be hatin'

NOTaREALmerican's picture

Yeah, but don't forget, this isn't an "investment" site.   It's a economic morality OCD site.   Huge difference.   We're not here to win,  we're here to bitch about those who are!

FuzzyDunlop21's picture

 Every now and then some teeny bopper on here gets upset because they would hear Tyler ranting about how fucking broke the market is, and they would take that as a cue that the collapse was imminent. So they go out, buy some OOM SPY puts, and then come back here fuming when they are shocked to see the market continuing to go up and to the right. 

Instead of bitching about how 'wrong' Tyler is, why dont you critically analyze the information Tyler has thanklessly given you, to profit in ways the e-trade babies cannot? NotarealAmerican, you always talk about your DowBuck. Fuck you and your DowBuck. You know what curb stomps the piss out of your Dow Bucks ala Edward Norton in American History X? XIV. Every fucking day Tyler shows how VIX is the preferred instrument of choice for market manipulation which makes it more bullish than bullshit.com during the tech bubble. And anyone who is capable of critical thought would have by now used this information to be up 70% over the past 12 mon. But instead of, god forbid, using the information Tyler gives you in a clever and unique way you are too busy self-glorifying , thinking you are the next Michael fuckin Burry because you bought an index fund.

Asshole. GTFO this site, you dont deserve Tyler's Chipotle-shit-stained underwear.

nosoeawe's picture

-ZH got the inflation part right

-ZH forgot the part about inflation and it's correlation to the S&P, Naz and Dow

The market will continue to go up based on the simple economics of inflation

Yellen is still a retarded geriatric cunt



Market Rage's picture

That's how you paint the NDX tape.  If we work real hard this last hour we may be able to match the volume from last Christmas Eve.

JustObserving's picture
Fed's Yellen: Social Media, Biotech Valuations 'Substantially Stretched'

July 15, 2014


TWTR up 26% since that date

NOTaREALmerican's picture

Hey, there's a Maserati ad at the top of ZH !   Have we broken into some new ad demographic?  

Dr. Engali's picture

All I have to say is: thank you Mr. Yellen for fucking up future generation by making it so easy a Cramer can do it.

khakuda's picture

Janet "Call me Bubbles" Yellen has no idea that it is too late.  There is too much stimulus in place.  So much for jawboning and macroprudential regulation.   Only a blunt tool will work now.

pakled's picture

Party on Garth...

blu's picture

Have you ever visited one of these labs? I have and they're creepy. No way I'd invest in something creepy, it's just wrong.

Central Bankster's picture

The next 10 years Gold will outperform the S&P

The next 10 years S&P will outperform Gold