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Biotech / Medical : A crash for the markets - a crash for biotechs ?
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To: trevor john wilkinson who wrote ()12/7/1996 2:10:00 PM
From: Henry Niman   of 74
 
trevor, Yesterdays' action was a good example of how a correction
would affect Biotechs. Most sectors were hurt by Grenspan's remarks,
although declines were not as steep as Euroe and Asia. Biotechs fell
0.7% (Medical-Biomed/Genetics which has about 170 Biotech companies).
However the sector moved up to 150 (from 171) because other sectors
were hit harder (there are 197 industry groups in IBD's listings).

Henry
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