Good Morning, No doubt Celg fundamentals (PE, valuations, etc) are high. Pretty much have been for awhile as that seems to be norm for most high fliers in this sector. Yea, I'd say biotech has crashed, right along with the market. Can it go lower? I never thought it would go this low. I don't know what is holding it down aside from speculations posted here by those with more knowledge than me. May linger at these depths for awhile. But general economic numbers (unemployment, buying power, etc) are reportedly pretty good. Macros usually over emphasized imo. Now with the politics, fear promotion, I am realistic enough not to expect a catapult turn around. Yet I think most of us here recognize the real value we have here. So again, imho, I'd say if you have the dry powder and the gonads...time to buy... you may look back a year from now and wish you had. Or play it safe and buy laddered CDs.
More importantly......Panthers will beat the spread, sorry Peyton.