JP Morgan Healthcare conference update: Day 2 [Video]

Well, that’s depressing.

I’ve seen multiple references online to “bloodbath.” The 190-member Nasdaq Biotechnology Index fell 3.4 percent on Day 1 of JP Morgan, the worst opening day of trading during the conference since 2001. Everything from tiny biotechs to large drugmakers were down.

A total aside, but was a Bloomberg anchor really unaware there is a such a thing as gene editing (1:50 in the video above)?

Just to drive home the point.

When you wake up at 3 am excited for lots of big, surprising #JPM16 Monday biotech news but instead get… pic.twitter.com/THDd05lgs8

— Adam Feuerstein (@adamfeuerstein) January 11, 2016

When things go your way for 6 straight years, your ability and skill set to deal with adversity is a touch Rusty. — Marc Cohodes (@AlderLaneeggs) January 10, 2016

Sounds right. Deal fest in San Francisco while $IBB takes an ugly 5% drop. Bon chance to you stock guys; off to a rough start at #JPM16— John …