Published on Zero Hedge (http://www.zerohedge.com)

Home > Biotechs Battered For 7th Straight Day - Longest Losing Streak In 7 Years

Biotechs Battered For 7th Straight Day - Longest Losing Streak In 7 Years

By Tyler Durden
Created 09/28/2015 - 09:48
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/28/2015 09:48 -0500



 

Not since October 2008 (cough post-Lehman cough), has The Nasdaq Biotech index dropped for 7 straight days. The 18% close-to-close drop in the last 7 days is the largest since Lehman.

Click chart for massive legible version...

[4]

 

This is a 19% drop in 7 days...

[5]

 

h/t @RanSqauwk

 

- advertisements -

Source URL: http://www.zerohedge.com/news/2015-09-28/biotechs-battered-7th-straight-day-longest-losing-streak-7-years

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10959
[3] http://www.zerohedge.com/taxonomy_vtn/term/10969
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150928_IBB.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150928_IBB1.jpg