The current biotech bull market is summed up nicely in the chart above, created by ISI Group analyst Mark Schoenebaum.
Take a look at the blue line. That's the Nasdaq Biotechnology Index (NBI), a market cap-weighted index containing 120 biotech and drug stocks. The NBI is now trading at an all-time high, blowing past the previous all-time high of 1,596 set in March 2000.
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