I remember sitting in my car in college listening to Howard Stern on the radio before class sometime in 2000. Howard and his crew were talking about the stock market which was roaring. The Tech Bubble was in full effect. The sky was the limit. If you weren’t in the market you were losing out. It was a similar vibe […]
Pedro Castellano | Getty ImagesInvestors are bailing on biotech stocks at such a rapid pace that it is shocking even some of the most-seasoned traders. It’s a popping bubble that could have implications on the sustainability of this six-year bull market.Consider this, the most popular ETF in the sector—the Nasdaq Biotechnology iShares (IBB)—hit an all-time intraday high Friday of $374.62. […]
Pedro Castellano | Getty ImagesInvestors are bailing on biotech stocks at such a rapid pace that it is shocking even some of the most-seasoned traders. It’s a popping bubble that could have implications on the sustainability of this six-year bull market.Consider this, the most popular ETF in the sector—the Nasdaq Biotechnology iShares (IBB)—hit an all-time intraday high Friday of $374.62. […]
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After an incredible run, investors are finally seeing some pain in the biotech and broader health care sector. Major biotechnology indexes were off over 4% in Wednesday trading, while the short term trend has not been favorable either.Some investors may now think that the bubble has burst for the high growth biotech sector, but there are actually still a few […]
After an incredible run, investors are finally seeing some pain in the biotech and broader health care sector. Major biotechnology indexes were off over 4% in Wednesday trading, while the short term trend has not been favorable either.Some investors may now think that the bubble has burst for the high growth biotech sector, but there are actually still a few […]
Akin Oyedele
Mar. 25, 2015, 5:45 PM
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Screenshot via Bloomberg TVDavid RosenbergIt was a rough day for stocks.In a note to clients on Wednesday, Gluskin Sheff’s David Rosenberg took a step back to highlight four of the biggest obstacles facing the bull market.Here’s what Rosenberg outlined:Earnings momentum has slowed. Bottom-up consensus forecasts for S&P 500 operating earnings growth in the first quarter have […]
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This six year old bull market has been marked by both low volatility and declining trading volumes.The trading volumes story is a somewhat complex. Some argued that it was a sign of “low confirmation,” meaning investors didn’t have a lot of conviction in their purchases as reflected by small bets.Some argued that because prices were actually higher, the dollar […]
Wednesday’s stock decline looked like end-of-quarter kind of action, said Jack Bouroudjian, chief investment officer of Index Financial Partners. However, he thinks the real question is what will happen at the beginning of the next quarter.”One of the things that worries me is that we’re entering a very difficult time for stocks,” he told “Closing Bell.”Read More Stocks plunge, but […]
