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Biotech Stocks Dive On Clinton's 'Price Gouging' Tweet [LEADING TODAY'S PLUNGE]
Investors Busniness Daily ^
| 09/21/2015
| AMY REEVES
Posted on 09/22/2015 4:07:46 AM PDT by expat_panama
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Here's what started today's festivities:
--she'll probably silence her critics by blaming the crash on the Fed's low interest rates.
Best distraction they've come up w/ so far...
To: 1010RD; A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; aposiopetic; Aquamarine; ..
Great day for staying in bed --with all the money in the mattress. After yesterday's 'up-in-lower-trade' (NASDAQ +0.0%) today's futures (a couple hrs before the bell) for stock indexes -1.47% and metals -1.64%. Only one major econ report: FHFA Housing Price Index. Maybe while I'm hiding I'll browse this stuff:
Is It Time for Investors To Buy Europe's PIIGS? - John Kimelman, Barron's
Tax Selling Could Extend the Correction - Anora Mahmudova, MarketWatch
Are Middle Class Incomes Really Falling? - Gary Burtless, RealClearMarkets
What If the Richest In Every Country Gave It Away? - Wei Lu, Bloomberg
It's Time for Obama to Call China's Bluff - Gordon Chang, The Daily Beast
Forget Critics, China's Currency Is Not Undervalued - Charles Wolf, TWS
Sanders, Trump, & The Promise of Populism - William Greider, The Nation
To: expat_panama
“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.” J. Paul Getty
3
posted on
09/22/2015 4:20:17 AM PDT
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: expat_panama
I’m sure the hag got her shorts on (sorry about the potential image) before the tweet.
4
posted on
09/22/2015 4:25:51 AM PDT
by
Stentor
("The best lack all conviction, while the worst are full of passionate intensity.")
To: expat_panama
There is a much bigger and more complex story here. This is a 62 year old drug that is off patent, and therefore could be supplied by any number of generic manufacturers. The problem is that the combination of price and probably anticipated volume of sales made it an unprofitable venture for most generic manufacturers - at the old price. Upping the price as much as Turing did is outrageous, IMHO, but the factors that underlie this go beyond this particular drug.
We are running shortages now on lots of drugs we never had a problem with, for the same reasons as above.
To: expat_panama
I was wondering why my small pharma portfolio took a hit. Still better than the S&P over the last few weeks though.
6
posted on
09/22/2015 4:32:06 AM PDT
by
palmer
(Net "neutrality" = Obama turning the internet into FlixNet)
To: pieceofthepuzzle
I bet she sold short, just like the last time she attacked the biotech industry.
To: expat_panama
Hmm--She must really be the smartest woman in the world if she can "lay out a plan" to "correct" major market forces in less than 24 hours.
Personally, I (former Mensa member) would probably require a lot more time to determine the root cause of the problem, the forces at work, the laws applicable, and an acceptable solution, if one is actually needed.
8
posted on
09/22/2015 4:34:29 AM PDT
by
ShadowAce
(Linux - The Ultimate Windows Service Pack)
To: Stentor
U.S. STOCK FUTURES
S&P 500
1,934.00 -29.00 -1.50%
DJIA
16,228.00 -228.00 -1.40%
NASDAQ 100
4,264.00 -77.25 -1.81%
yck1!
9
posted on
09/22/2015 4:37:06 AM PDT
by
citizen
(America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
To: buffaloguy
10
posted on
09/22/2015 4:40:40 AM PDT
by
Neoliberalnot
(Marxism works well only with the uneducated and the unarmed.)
To: pieceofthepuzzle
We are running shortages now on lots of drugs we never had a problem with, for the same reasons as above. One of the effects of 0bama/Robertscare kicking in. Pharmaceutical research, testing and the resulting drugs supply reduction is an early loser.
11
posted on
09/22/2015 4:40:55 AM PDT
by
citizen
(America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
To: expat_panama
“...a 2017 Congress almost certainly would not approve”
What quaint, old fashioned thinking. What naïveté by IBD. Obama will bequeath his pen and his phone to her and the smartest woman in the world will make it happen with her first EO. Who cares if new drug flow stops? It’s the right thing to do.
12
posted on
09/22/2015 4:54:26 AM PDT
by
ProtectOurFreedom
(For those who understand, no explanation is needed. For those who do not, no explanation is possible)
To: expat_panama
I wonder how short the Clinton Cabal was/is on the drug sector prior to yesterday.
13
posted on
09/22/2015 5:22:03 AM PDT
by
mad_as_he$$
(Section 20.)
To: abb
Buy when everyone else is selling...He may have said that before late '29 when folks bought after prices tanked ten percent --only to watch their share fall another 80%. I like "the trend is your friend" better.
To: expat_panama
It's Time for Obama to Call China's Bluff - Gordon Chang, _________________________________________
C'mon, Daily Beast guy, Chang has been making his living beating that drum for 15+ years.
The Coming Collapse of China
Paperback July 31, 2001
by Gordon G. Chang (Author) _________________________________________
But you just wait! One of these days he will be right.
15
posted on
09/22/2015 5:37:06 AM PDT
by
citizen
(America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
To: citizen
I hate when I screw up my post formatting....
16
posted on
09/22/2015 5:39:51 AM PDT
by
citizen
(America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
To: expat_panama
Obama has taught us that you don’t need Congress. Through the bureaucratic state you can inflict the death of a thousand slices. Certainly sufficient to make them cry uncle.
To: expat_panama
"Price gouging like this in the specialty drug market is outrageous," True statement unless of course you get your medications for free, then it doesn't matter.
18
posted on
09/22/2015 6:25:21 AM PDT
by
itsahoot
(55 years a republican-Now Independent. Will write in Sarah Palin, no matter who runs. RIH-GOP)
To: expat_panama
19
posted on
09/22/2015 6:39:42 AM PDT
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: expat_panama
What has not plunged on whatever?
The markets are a first class mess.
I think the sheeple are catching on to fraud street’s shell game and many have quit trading. What would be the point?
20
posted on
09/22/2015 6:48:01 AM PDT
by
Sequoyah101
(It feels like we have exchaned our dreams for survival. We just have a few days that don't suck.)
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