It has been frustrating recently to know what direction the stock market will really take. We have had a number of 200 point plus and minus days on the Dow. So, it is difficult to invest in a market where you don't have any confidence in its direction for the next day, next week, or next month.
Zacks wrote a very good article at Seeking Alpha about profitable investing in biotech stocks which have been going up in spite of stock market gyrations. I already own BIB which was one of the stocks that Zacks mentioned. A second ETF that they suggested was XBI, and I plan to buy it Monday morning. The third stock that they recommended was BBC, and it is on my watchlist. I believe that biotech stocks will continue to outperform the market because everyone will need healing drugs at some point in his or her lifetime.
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