Betting against biotech has been a fool’s errand

With biotech stocks leaping again this week, a number of market watchers are predicting that this highflying sector is set to tumble back to earth.
But other investors remain upbeat. Former Lehman Brothers trader Jared Dillian writes over at Mauldin Economics that it “hasn’t been fun” for the traders who “have tried for years to short biotech.”
“Like tech in the ‘90s […]