Is a Biotech Bubble Really Brewing? – Linkfest (July 22)

by Aaron Levitt | July 22, 2014 9:15 am

I’m sure you’ve heard by now that the market is getting a tad bit frothy. And according to Fed Chairwoman Janet Yellen, two sectors — small caps and biotech stocks — are the frothiest of them all. Except … they’re not. Market commentators have taken Ms. Yellen to school recently over her comments — which managed to send both sectors crashing. Since when does the Fed give investment advice? Here’s Gavyn Davies at the Financial Times with more[1].

The Wall Street Journal’s Money Beat (Steven Russolillo): Biotechs overvalued? Duh! They’re always expensive[2].

Forbes (Agustino Fontevecchia): The drop in biotech prices hasn’t hurt everyone. Meet Italy’s new biotech billionaire[3].

The Motley Fool (Brian Orelli): So should you really heed the Fed’s advice and shun biotech stocks[4]?

Bronte Capital Blog (John Hempton): The Allergan (AGN[5]) vs. Valeant (VRX[6]) biotech battle keeps heating up[7].

Greentech Media (Nicole Litvak): Speaking of high-growth sectors … who is actually paying for all those residential solar installation cropping up across America[8]?

Christian Science Monitor (Eva Botkin-Kowacki): Offshore wind farms are a buffet for seals. No need for reservations[9].

Business Insider (Mamta Badkar): Those wind farms can be expensive. Just ask China. Its debt-to-GDP ratio has exploded[10].

Bloomberg View (Kavitha A. Davidson): A novel idea: All sports Refs should wear GoPro (GPRO[11]) cameras. Think of the replays[12]!

Quartz (Megan Garber): Forget sand. This beach is covered in Legos. Even some hard-to-find ones[13].

Aaron Levitt is an investment journalist living in Ohio. With nearly two decades of experience, his work appears in several high-profile publications in both print and on the web. Also likes a good Reuben sandwich. Follow his picks and pans on Twitter at @AaronLevitt[14].

Endnotes:

  1. with more: http://blogs.ft.com/gavyndavies/2014/07/20/the-feds-intervention-in-biotech-and-internet-stocks/
  2. They’re always expensive: http://blogs.wsj.com/moneybeat/2014/07/18/biotech-analyst-to-janet-yellen-tell-me-what-im-missing/
  3. biotech billionaire: http://www.forbes.com/sites/afontevecchia/2014/07/21/from-vespas-to-pharma-gustavo-denegri-becomes-italys-newest-biotech-billionaire/?utm_campaign=forbestwittersf&utm_source=twitter&utm_medium=social
  4. shun biotech stocks: http://www.fool.com/investing/general/2014/07/21/yellen-hates-biotech-stocks-should-you.aspx
  5. AGN: /stock-quotes/AGN-stock-quote/
  6. VRX: /stock-quotes/VRX-stock-quote/
  7. keeps heating up: http://brontecapital.blogspot.com/2014/07/valeant-pharmaceuticals-part-viii.html
  8. cropping up across America: http://www.greentechmedia.com/articles/read/who-finances-residential-solar-in-2014
  9. No need for reservations: http://www.csmonitor.com/Science/2014/0721/Offshore-wind-farms-A-buffet-for-seals-video
  10. Its debt-to-GDP ratio has exploded: http://www.businessinsider.com/chinas-total-debt-surges-to-251-of-gdp-2014-7
  11. GPRO: /stock-quotes/GPRO-stock-quote/
  12. Think of the replays: http://www.bloombergview.com/articles/2014-07-21/referees-should-all-wear-gopros
  13. Even some hard-to-find ones: http://qz.com/238139/thousands-of-ocean-themed-legos-are-washing-up-on-a-beach-in-cornwall/
  14. @AaronLevitt: https://twitter.com/AaronLevitt

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