by Greg Guenthner
Daily Reckoning
Wait– is that the sound of that famous biotech bubble finally popping?
Can’t say, dude. But biotechs are definitely losing steam these days, and the worst could be yet to come. Today, I’ll show you exactly what to do about it…
We took profits on our big biotech trade earlier this month, booking double-digit gains on Biotech iShares (NASDAQ:IBB). IBB thundered nearly 21% higher year-to-date while the S&P 500 was only up about 2%.
But we didn’t pick up our marbles and go home because we thought the biotech boom was out of fuel. We just thought our trade was getting a little ahead of itself, that it might need a breather before heading north again. Big difference.
Continue Reading at DailyReckoning.com…
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Daily Reckoning
Wait– is that the sound of that famous biotech bubble finally popping?Can’t say, dude. But biotechs are definitely losing steam these days, and the worst could be yet to come. Today, I’ll show you exactly what to do about it…
We took profits on our big biotech trade earlier this month, booking double-digit gains on Biotech iShares (NASDAQ:IBB). IBB thundered nearly 21% higher year-to-date while the S&P 500 was only up about 2%.
But we didn’t pick up our marbles and go home because we thought the biotech boom was out of fuel. We just thought our trade was getting a little ahead of itself, that it might need a breather before heading north again. Big difference.
Continue Reading at DailyReckoning.com…
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