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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: j g cordes who wrote (24926)	1/28/2000 8:56:00 PM
From: Johnny Canuck	Read Replies (1) of 68173

Jim, Biotechs to become a safe haven in a falling market? biz.yahoo.com If the market goes bearish typically money will eventually flow to biotechs as they have no earnings and the value is determined by what they will produces as opposed to cash flow or EPS. Most of the biotech conferences were done in the fall, but this story might focus attention on this sector or at least the boring drug stocks as a temporary safe haven. Drug stocks were the only positive sector on my screen this afternoon. Even with the improved bonds the financials fell.

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