Nasdaq Biotech Index Crucified, Falls Most Since August 2011

Thursday, April 10, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/10/2014

Yesterday’s “best day in a year” was the ultimate Fed cat bounce as Nadaq Biotech stocks are collapsing today – approaching the crucial 20% bear market drop. With a loss of over 5.5%, this is the biggest drop since August 2011 and has the index very close to the critical 200-day moving-average support. The Biotechs are now down 2% year-to-date at new 4-month lows.

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