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Biotech Bubble Record Means Yellen Capital Gets A Margin Call
"Don't fight The Fed" A mantra echoed loud and proud by America's asset-gatherers and commission-takers... except there is a caveat that is not often heard... "don't fight the fed... unless they say sell." Just six short months ago, Janet Yellen's Federal Reserve had their 'irrational exuberance' moment when they warned "valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year." Since then, despite a small dip (that was bought), Biotechs have soared to new record highs... up over 35% since her warning...
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switching to medicinal
Obolacare - a shot in the arm for biotech.
obamacare gave the medicical industrial complex a huge boost that should ride a coupla years of increased too many labs and too many meds and too many procedures and too many dead patients. bullish.
that meeting that happened with big pharma has everything to do with the 35 percent uptick just wonder what they gave but I do know prices on scripts have skyrocketed and the ins companies are paying the bill but again the consumer being fleeced then comes the taxpayer in the subsidies
There ya go...socialism interpreted by the oligopoly.
dow 25,000 is a lock
I love biotechs. Everyone talks about them. Nobody has a fucking clue how they work. But they're clearly going to "change the world" with "unlimited upside potential". Meanwhile, name one disease we've cured since Polio.
It's a good story, kind of like eyeballs in 2000. People love a good story.
If they start curing shit, then they'll go out of business.
Cure = bad for business.
That is true, but you also have to understand that there never was any cure for any chronic, metabolic disease. And there never will.
So, by saying they are treating the symptoms, it is not that pharma is actively trying to only "treat," it is an admission that they cannot "cure" any chronic metabolic disease.
Cancer, heart disease, diabetes (type II), RA, fibro, and dozens more.
Only proper nutrition can cure these. And yes, they can be cured. Cancer would be the most difficult due to by the time you have found "it" it is probably too late.
Basically, eating mushrooms, which reduce your chances of having cancer, is too little too late when they find the golf ball tumor.
But if you didn't wait until it was easily recognized, you could certainly cure it with nutrition.
pods
Yes, but think of all of the diseases we've created/enhanced/revived. (Hello, mumps! How ya been?)
There's more money in continuing the "fight against" a disease than there is in curing one.
Smallpox declared eradicated in 1980. http://www.who.int/csr/disease/smallpox/en/
Good catch. Undoubtedly "biotech" companies were the ones who invented the vaccine in 1798 (the year of the first documented, successful smallpox vaccine).
A $4K valuation back then is a $4B valuation now.
"Smallpox declared eradicated?"
"Succesful smallpox vaccine?"
Really?
http://www.vaccinationcouncil.org/2010/02/26/smallpox-vaccine-origins-of...
http://vactruth.com/2010/07/23/fact-vaccines-have-never-eradicated-anyth...
People talk about ebola but look at the deaths per year for malaria in Africa but the UN is on the case and has been for 50 years.
Aids kills 1.2 million, tuberculosis 500,000, malaria 500,000 tetenus 100,000 rabies 40,000,... Ebola 5,000 in Africa.
"Meanwhile, name one disease we've cured since Polio."
Ahem: Did vaccines really eradicate polio?
http://healthimpactnews.com/2011/did-vaccines-really-eradicate-polio/
Negative thinking...! Imagine all the medical conditions worsened by screwed life styles and created diseases instead.
Last year I was "cured" (cleared the virus) of Hepatitis C, 3rd round drug trial Bristol Myerrrrs... once this/these drugs are aproved treatment is going to be $80k per person... millions infected... buy the rumour sell the news
Yellen's a piker. When the Maestro said "Irrational exuberance," (Dec. 1996), the S&P more than doubled, and the NASDAQ almost quadrupled, before the party ended. ( http://www.bloomberg.com/news/2014-12-05/problem-with-irrational-exubera... ) 35% is just the warmup.
What happened to those macro-prudential tools old Yeller bragged about?
Once again, there is no market for true price discovery, period. Party on Garth!
Allow me to simply add the following; having a cure to every fucking disease will be irrelevant if the majority of the population don't have the basics like clean water, food, decent housing, etc.
Biotech success is nothing more than the result of too much money printing.
They are sexy to sell but when the rubber meets the road, you are not going to be pumping out lots of biologics for everyday use. They will either be cost prohibitive or even more dangerous than small molecule drugs.
Biologics are basically a pipe dream to allow people to still abuse their bodies and pretend there is a solution to their "disease."
Look at most disease today, outside of the pathogen caused ones. They are all immune system based. How do you strengthen your immune system? By giving your body what it needs to properly regulate it. Now you have allergies everywhere, RA, Lupus, Fibro, etc.
Simple diet change and encouraging proper gut flora would save more people than all the current and future biologics would ever do.
But that is too tough for people who want to eat how they want to eat.
pods
be careful, companies that perform metabolic pathway engineering are the real deal. LS9 is but one example. They are basically producing all kinds of commodity chemicals from renewables. this will be the way forward as it won't do us much good to have a fucking cure for every disease if we cannot maintain a decent standard of living (i.e. we don't have clothing, clean water, decent housing, etc.).
Finding organisms to do that sort of thing is truly groundbreaking. But, most everything always can be traced back to oil. Sort of like a Prius owner talking down to me, when I get 36 mpg per the life of the tank in my car. Who pollutes more? Me? What about the energy used to mine lithium, etc.
I have always been fascinated with how nature seems to ameliorate any event, from oil and plastic eating bacteria to how well your immune system works when your food and gut are in balance.
I agree that we have a better chance of fighting over a water hole with sticks then to see nirvana, especially with bankers still running things.
pods
"Finding organisms to do that sort of thing is truly groundbreaking." -- Please, you don't need to "find" shit. the genes and metabolic pathways are already there, you just need to put them together in the same organism.
You can also engineer in specific functions as well. This has been going on since the late 80's.
Well there is a bit of a pushback to most of that type of engineering. Modifying genetics. Like splicing a Round Up resistence gene.
And this type of thing has been going on forever by selection (natural or otherwise). Just not by gene splicing.
But yes, you do need to find suitable organisms to be able to manipulate. Unless you are suggesting they are creating life?
It certainly is a slick process, but again, this is NOT renewable. It is using readily available feedstocks which make it viable ONLY due to cheap oil and synthetic fertilizers.
Most of the feedstocks are farmed with machines using diesel, so this is basically turning food into fuel again, although slightly better than alcohol for fuel.
Toss in the fact that these modified bugs are bacteria, and you have the real threat of the getting loose in the wild and causing a lot of unforseen damage.
pods
Yes - nowadays you can virtually engineer expensive things out of peoples ass! (E. coli as a biological factory of anything you want). And then make them pay and arm and a leg for it.
Fat, Sick, and nearly Dead.
Good documentary on Netflix that describes all that.
Juicing bitchez!
Fuck biotech.
My wife was watching that My 600 lb Life show, and I caught a bit of it.
They were praising the people who lost so much weight and talked about courage.
I thought about it for a while and wondered why they are praising people whose only contribution to their losing weight was that they ate so much they were able to get surgery.
Fucking show should have been about the doctor. How he can take a fat motherfucker and turn them skinny by sewing their lower mouth shut and then cutting off the skin.
But they make it about the people. WTF? What planet am I on?
That would be like congratulating a drunk for the success of a liver transplant.
pods
Well, at least we're not "Deadbeats."
Barry said so.
Which part of Dick Cheney's "The American way of life is non-negotiable" is causing you difficulty?
I disagree. Molecular biology is underging the same rapid evolution as computer technology in the 80ies and 90ies. We will se another .com bubble but this time spelled .bio - but I fear we are not even in phase 3.
So we then this sucker bursts - stand back! Another two years...?
"Don't fight The Fed" A mantra echoed loud and proud by America's asset-gatherers and commission-takers... except there is a caveat that is not often heard... "don't fight the fed... unless they say sell."
In January 2000, Greenspan made a 1/2% emergency cut, followed by another 1/2% cut at the FED meeting. More cuts followed. The market still kept going down for another 1 3/4 years.
Now that the Democratic Party no longer controls the majority of the Senate, it is looking more possible that a stand alone up or down vote to audit the Federal Reserve Bank could happen in 2015. Senator Rand Paul plans to re-introduce his father’s long fought legislation to have the GAO audit the decision-making processes of the secretive quasi-federal agency.
http://www.globaldeflationnews.com/rand-paul-takes-up-his-fathers-cause-...
Plus, the Creature from Jekyll Island's days are numbered no matter what they do.
http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...
The quote should have been: "Don't fight the Fed" when they are defending the dollar in the 1970's (I think) and making up phony chart patterns to lure those traders attacking the dollar into their traps.