[RoosterRedux]

Just my humble opinion but I think the NASDAQ was dragged down by the bottom falling out of the biotech sector. And it didn't actually fall because of specific news (though there was a little of it). The downward pressure on biotechs seem to go back to the letter issued by that weasel Waxman to Gilead about the prices being charged for their hep C drug, Sovaldi. And adding to the problems was the continuing talk (wrong IMO) of the sector being a bubble.

I can't say what will happen tomorrow morning, but I will say that I believe the biotech sector is oversold and will soon restart its upward march.

BTW, I have been buying on the drops, but did not expect to see such a drop as the market experienced last week.

[BipolarBob]

One has to risk to make anything in the market.

Look for biotech stocks to freak if they do to them like they've been doing to the banks. I don't think they would do that but you never know.

[BipolarBob]

"the letter issued by that weasel Waxman to Gilead about the prices being charged"

That's what I meant to preface my previous post with instead.

[expat_panama]

downward pressure on biotechs seem to go back to the letter issued by that weasel Waxman to Gilead about the prices being charged

Yeah --that hit the entire sector and forced me to sell my BIIB--

--but I may be buying it up at bargain prices tomorrow 'cause the stock keeps popping up on my screens.