Keynesonomics

NBI - Is a Pullback Imminent in the Biotech Sector?

INDEX:NBI   Nasdaq Biotechnology Index
151 0 0
In aggregate, the impressive move in biotechnology has truly been one for the books, but is it sustainable? Although the fundamentals remain intact (biotech is a growth story and, indubitably, one that's here to stay), I think it is fair to assume that we could see a pullback of at least 10% at some point in the near future. What goes up, must come down. The million dollar question is when, and by how much?
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