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Biotechs Hit Record High, +11.5% From Yellen's "Stretched Valuations" Warning

Submitted by Tyler Durden on 10/23/2014 10:20 -0400

"Don't fight the Fed," unless of course the Fed says "sell." Since Janet Yellen's July 15th "Biotechs.. valuations are stretched" warning, investors have fought tooth-and-nail with the Fed to prove her wrong... Biotechs are now up 11.5% from that day at all-time record highs. And as a reminder bonds are in a bubble...

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Thu, 10/23/2014 - 10:23 | 5367256 Dr. Engali

Thank you ebola.

Thu, 10/23/2014 - 10:32 | 5367289 SoilMyselfRotten

OT, looks like GLD just lost some more inventory

Thu, 10/23/2014 - 10:35 | 5367303 Gen.Ackbar

It's a Trap!

Thu, 10/23/2014 - 10:45 | 5367337 max2205

We could see a batch of trillionaires for those thst catch this pharm bubble collapse

Count all the zeri PE billion dollar market caps

Crazy!

Thu, 10/23/2014 - 11:00 | 5367400 Consuelo

(2.5) months left on Harvey Organ's call.

Thu, 10/23/2014 - 10:25 | 5367262 LawsofPhysics

Sell? Is this still allowed? LOL...

Thu, 10/23/2014 - 10:37 | 5367311 FieldingMellish

Only gold and gold miners.

Thu, 10/23/2014 - 11:28 | 5367521 A82EBA

and coal miners

Thu, 10/23/2014 - 10:25 | 5367269 ZippyBananaPants

Who here would like to 'stretch' Janet out a little?

Thu, 10/23/2014 - 10:35 | 5367300 Tsar Pointless

You go for it, Zippy. Everybody has to have their little freaky fetishes, I suppose.

Thu, 10/23/2014 - 10:38 | 5367319 ShorTed

Had to junk you, just finished breakfast.

Thu, 10/23/2014 - 10:26 | 5367273 SickDollar

All Biotech Co. ( No exceptions) are either Govt funded projects or the govt is inderectly involved period

Thu, 10/23/2014 - 10:27 | 5367276 silentboom

I've been fighting the Fed for years now and I have the bruises to prove it, but if they lose control ... I'm going to buy a yacht and a Ferrari.

Thu, 10/23/2014 - 10:48 | 5367347 LawsofPhysics

sure, now actually taking delivery might get interesting...

Thu, 10/23/2014 - 14:38 | 5368336 Thom_333

Sooner or later it´s going to be 2008 all over again. But I suspect it may take some more time before that comes to pass. Biotech has been good to me. Last year 65% ROI and this year 40 % with a potential to go to 45-50 before years end. I think Bears like you may be the ones holding up the Bull market. When the last Bear throws in the towel then it´s time to run for the shelter.

I do belive you will get your yacht AND Ferrari but it may not be within the two next years.

Thu, 10/23/2014 - 10:28 | 5367278 virgilcaine

Rather frothy like an Ebola Vic.

Thu, 10/23/2014 - 10:29 | 5367281 praps

All that buy back money has to go somewhere.

Thu, 10/23/2014 - 10:41 | 5367325 Last of the Mid...

True that. I'll trade you my buyback stocks for yours, and the velocity of money is zero. What could possibly go wrong. Essentially, it's ok to have a secondary currency as long as it is stocks, but not gold.

Thu, 10/23/2014 - 10:42 | 5367332 matt1021_98

S&P Hits Record High, +100% Since ZeroHedge's "Stretched Valuations/Manipulation" Warning

Thu, 10/23/2014 - 10:52 | 5367365 Panic Mode

Must be the breakthrough of curing Obola.

Thu, 10/23/2014 - 11:00 | 5367401 we built this city

This market is insane!

The meltup of the market continues....

and my personal meltdown also

Markets exploded 8% from lows last week

I am exhausted!

So far it's a F for me

Thu, 10/23/2014 - 11:19 | 5367483 matt1021_98

I'm throwing in the towel before I lose the farm

Biotechs Hit Record High, +11.5% From Yellen's "Stretched Valuations" Warning

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