Biotech Stock Plummets, Bull Market Announced Dead on Arrival
The 90 percent-plus consumers who have been vocal about wanting genetically modified organisms labeled just received a win. The MSM recently announced that the bull market is dead for biotech stocks. [1]
While all hyper-inflated, and propagandized stock market bubbles are not exclusive to the biotech industry, companies like Monsanto, Dow, Syngenta, and other lesser-known biotech multinationals won’t see high stock prices in the foreseeable future. The demise of the biotech bubble is being attributed to a surprising nemesis, though.
It seems, single handedly, the woman once called Frankenfood’s Bride, and a vocal supporter of GMO foods, Hillary Clinton is responsible for shrinking biotech stock prices faster than a helium balloon on a hot day. Possibly to save her campaign dreams after the public reacted extremely negatively to her outspoken support for biotech, the hopeful presidential has now tweeted outrage over ‘price gouging’ in the drug (biotech) industry.
This will make for a roller coaster we’ve seen before when stocks hit incredible highs with the Internet, and then real estate booms, only to crash doubly hard later – only this time it affects Big Pharma and Big Ag. Well, at least on the surface, to the public eye.
Between July 2010 and July 2015, the S&P 500 biotechnology index skyrocketed more than 400%. Biotech superstars like Gilead Sciences (GILD) and Regeneron (REGN) posted even more monstrous rallies.
But after Clinton’s remarks about the unbelievable price hikes by a drug maker run by Martin Shkrelli, the former hedge fund manager who’s since been dubbed the most hated man in America, even by mainstream media (MSM), is sounding alarms for biotech.
If you haven’t ditched Monsanto stock yet, it might be time. For the quarter ended Aug. 31, Monsanto reported a loss of $156 million compared with a loss of $249 million in the same period last year.
Here are 5 reasons Monsanto will continue to lose.
Sources:
[1] CNN
Glad to hear that biotech stock is drowning. Good riddance.
I disagree COMPLETELY with the idea that Madam (no offense to sex workers) Clinton is “single handedly” the cause of “shrinking biotech stock prices.” Clinton is a weather vane that shifts with every political wind and toward the feet of whoever throws money at her. She has no original ideas; she waits until another candidate gets a favorable reaction for saying something the public likes, wants, or needs. Then, and only then, she shifts her RHETORIC, but not herself, to the left. She’s a total hypocrite. Consider, e.g., human rights violations in Colombia and how Madam Clinton flipped direction faster than a carnival duck-shoot target when Frank Giustra/Pacific Rubiales threw money to the Clinton Foundation. What lowered the big pharma (‘biotech’) stocks was the INFURIATED PUBLIC REACTION to predatory capitalist Martin Shkreli.
Nevertheless, the candidates for 2016 that the 0.01% and their corporations (including their corporate-owned media) package and present to us will likely be Madam Clinton and Jeb Bush, the junior shrub who Desperately avoids mentioning his surname. My opinion (but not my desire) is that if either of them or any of the other corporate-fascists in the clown car ‘win’ in 2016, this country will see an upheaval that it hasn’t experienced since the 1800s.
Public reaction to Shkreli:
For some reason, my preceding post didn’t appear. Here it is again :
Glad to learn that biotech stocks are dying. Good riddance.
I disagree COMPLETELY with the idea that Madam (no offense to sex workers) Clinton is “single handedly” the cause of “shrinking biotech stock prices.” Clinton is a weather vane that shifts with every political wind and toward the rear end of whoever throws money at her. She has no original ideas; she waits until another candidate gets a favorable reaction for saying something the public likes, wants, or needs. Then, and only then, she shifts her RHETORIC, but not herself, to the left. She’s a total hypocrite. Consider, e.g., human rights violations in Colombia and how Madam Clinton flipped direction faster than a carnival duck-shoot target when Frank Giustra/Pacific Rubiales threw money to the Clinton Foundation. What lowered the big pharma (‘biotech’) stocks was the INFURIATED PUBLIC REACTION to predatory capitalist Martin Shkreli.
Nevertheless, the candidates that the 0.01% and their corporations (including their corporate-owned media) choose ‘for’ us for 2016 will likely be Madam Clinton and Jeb Bush, the junior shrub who Desperately avoids mentioning his surname. My opinion (but not my desire) is that if either of them or any of the other corporate-fascists in the clown car ‘win’ in 2016, this country will see an upheaval that it hasn’t experienced since the 1800s.