Mkt and Biotech Plunge 2-3% Thursday 10.01

Thursday 10.01.09:
DOW -203(2.1%) @9,509..NAS -65(3.1%) @2,057..SP500 -27(2.6%) @1,030

BIO-Stem Index:-5.27(-3.65%) @149.36 (+39.36% ytd)
BIO-ETF Index:-3.45(-3%) @110.93 (+10.93% ytd)

The market plunged today after Bernanke said that the government may have to regulate the biggest financial institutions more closely (as if we didn't know already); the typical capitalist reaction to any regulations is of course panic. They also like to 'send a message' to the white house my making prices plunge on any threat of honesty or sound business practices, which hampers the collusion and corruption in the system. As a result, the stem cell index fell 3.65%, with only one rising (SQNM, a paltry .6% gain), it's worst daily loss since we created it, while the biotech ETFs fell 3% as well. The BCRX rise after hours last night was a fake-out, as it not only failed to carry through the gains but fell 6% - so much for 'good news' helping investors.

Stem Cell Stocks (1 up, 30 down)
Big Losers: AFFX -5%, ARIA -5.9%, ATHX -6.6%, AVII -5.2%, CRIS -15%, CUR -5.1%, CYTX -6.3%, DNDN -4.7%, OSIR -5.4%

Swine Flu Stocks
AVII -5.3%, BCRX -6.3%, DVAX -7.7%, GILD -2.6%, INHX +4.9%, INO -3.2%, NVAX -7.6%, SIGA -7.8%, SVA -8.3%
Other Flu: APT +3.8%, CRXL -3.9%, CVM +4.1%, HEB -8%, PURE -4.3%, QDEL -4.7%, VICL -5.9%

Other Biotech
Winners: BDSI +1%, NVGN +3.9%,
Big Losers: ACAD -7.6%, ALNY -5%, ARQL -5.1%, AVNR -5.8%, DSCO -11%, DYAX -11.7%, ELRN -5.1%, EXEL -6.4%, GTXI -7%, IMGN -6.7%, IMMU -10.7%, KERX -11.1%, KNDL -5.3%, KVA -6.2%, LXRX -8.5%, MED -7.8%, RPRX -10%, SGEN -5.9%, SGMO -6.7%, SOMX -8.1%, SPPI -5.6%, SUPG -5.2%, VRTX -9.7%, VVUS -5.7%

SubMicro: CPRX +39%, GETA +10%, GTCB -5%, TGX -11.9%, TRMS +5.2%, YMI +4.6%

Disclosure: Long BCRX, BSDM, CVM, DNDN