Post by ktim on Aug 8, 2023 13:10:54 GMT -5
prcgorman2
I've followed the IBB for a long time. It is volatile compared to the broader markets. It certainly can have periods, sometimes long, where it has elevated PEs. But it also can have some sharp corrections from those levels. BTW, right now IBB is listed as 16.55 P/E on Yahoo... whatever exactly that may mean. And QQQ is listed with 30.21 P/E. I do remember extended periods when biotech was a hot segment, but it's been overshadowed by AI and associated tech recently. IBB (biotech) is down this year whereas NASDAQ has soared. Where biotech will be two years from now I shall not hazard a guess... I have disco balls not crystal balls.
I've followed the IBB for a long time. It is volatile compared to the broader markets. It certainly can have periods, sometimes long, where it has elevated PEs. But it also can have some sharp corrections from those levels. BTW, right now IBB is listed as 16.55 P/E on Yahoo... whatever exactly that may mean. And QQQ is listed with 30.21 P/E. I do remember extended periods when biotech was a hot segment, but it's been overshadowed by AI and associated tech recently. IBB (biotech) is down this year whereas NASDAQ has soared. Where biotech will be two years from now I shall not hazard a guess... I have disco balls not crystal balls.