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Here's why the market today IS NOT like the market on Black Monday.

00:01 - 14/10/16

The largest biotech ETF is down 20% YTD. The sector has been under massive pressure. Watch the 200-day MA

Gilead Sciences has been getting SMOKED. It's down 26% YTD and these are its lowest levels since early 2014

Over the last 3 months, Bristol-Myers has lost $50 billion in market cap. It's gone from $125B to $85B today