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

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...

 

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

 

h/t @RanSqauwk