Investors sold off energy stocks sharply at the end of 2014 — including solar and other green-energy stocks.A few high-fliers among biotech ETFs illustrate this, including a roughly 36% return this year so far for the rather self-important-sounding ALPS Medical Breakthroughs ETF.
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This is just one data point, but the consolidation across biotechs continues to juice performance and create a built-in buyout premium to some of the most attractive players — despite all the bubble talk.
One can (and should) wonder how long this run can continue, particularly after a one-day plunge of 6.5% for the Shanghai market about a week ago.
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