European Debt esp Greece Drive Markets Down 2.8%
Imminent Greek Default? Buyers on Hold for the Weekend The familiar pattern comes back to haunt US markets as an ECB official resigned sparking a downdraft within 1o minutes. Jurgen Stark, a German who sits on the Board of the European Central Bank is an opponent of the bank’s buying...
Healthcare and Biotech for Relative Safety: ALXN,REGN,OPTR,SGEN
A Place to Hide from Volatility Today was not as bad as early futures and European markets would portend. The S&P cut its losses to 0.74% and the NASDAQ was down only 0.26%. But as we recommended last month the healthcare sector looks good for relative safety. Drug stocks that pay dividends...
Healthcare and Biotech Stocks Holding Up Well on a Bad Day: CBST,RGEN, SGEN
On August 21 we suggested that large cap drug and biotech stocks were a good place to hide and this is the case today with the healthcare sector the least damaged on a disappointing jobs report and mortgage related litigation that will further hurt the housing market.Withe major indices down...
August 2011 Life Science Market Review:Winners and Losers
Worse August in a Decade Down 6%-Economic Data Still Foreboding and Macro Headwinds Remain If you were on vacation for the month of August and reviewed your “balanced” portfolio today you might wonder what everyone was freaking out about. Treasuries were up big. The DOW just turned...
Stealth Rally Continues Despite Weak Economic Forecasts: Life Science Stocks Up Over 2.5%
Personalized Medicine Achieves Milestone with Lung Cancer Drug Friday’s rally picked up steam today as devastation from Hurricane Irene was less than expected and consumer spending was up. Greek stocks also rallied on a bank merger. Why are Greek stocks boosting this market? NASDAQ and...
