RE:RE:RE:RE:S&P Biotech ETF enters bull market up 29% in 13 trading daysMoney is flooding the sector.
A common fallacy. Other than IPOs and share offerings, money doesn't "flood" or flow into the stock market or any part of it. That's part of the fallacy of "cash on the sidelines". Money doesn't flow into or out of the stock market -- it flows through it. Any stock that is purchased is sold by someone else, at the same price. Stocks move up because buyers are more enthusiastic than sellers -- again, not because of an increased "flow" of money into the market.