Last month, we showed you the big boom in biotech...
Remember, biotech is one of the greatest "boom and bust" sectors known to man.
Since 1983, the sector has seen four triple-digit runs... and one
quadruple-digit run of 1,347% in the early 1990s. The busts were equally
spectacular, taking the entire sector down by as much as 70%.
After the most recent bust in 2009, the Nasdaq Biotech Index
started a huge rally... The index is up 250% in five years. And it was
the top-performing sector in 2013.
Despite the big run higher, we argued that there would be more gains ahead...(more)
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