Date updated:07-01-2008
What are the best plays when the market enters bear territory? If the stock market is entering bear territory you might want to look at the biotech sector. Typically they are immune to recessions because patients need drugs no matter what the economy is doing.

-
ELN
Elan Cp Plc Adr - $6.45
- +2.06%
- $6.29
Elan (ELN) and Wyeth (WYE) are two biotechs worth watching, according to Pete Najarian.

-
WYE
Wye - $0.00
- N/A
- $N/A
Elan (ELN) and Wyeth (WYE) are two biotechs worth watching, according to Pete Najarian.

-
MYGN
Myriad Genetics - $23.30
- -3.00%
- $24.41
And for strength in diagnostics Najarian says Myriad (MYGN) and Novartis (NVS) look attractive.

-
NVS
Novartis Ag Ads - $53.24
- +0.83%
- $53.08
And for strength in diagnostics Najarian says Myriad (MYGN) and Novartis (NVS) look attractive.

-
CELG
Celgene Corporati - $53.48
- -0.47%
- $53.53
Adding to the talk about Celgene (CELG), Adami said that it "has free rein in Europe now" and had "lots of good things going for it."

-
ELON
Echelon Corporati - $12.38
- +1.73%
- $12.35
Najarian noted that Echelon(ELON) and Celgene(CELG) "are leading the biotech breakout."
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A. i was just wondering why all of our
favorite (now)investment firms are in on
the DG deal and not the one who had
purchased a fund of hedge funds last
year.
A. The only one I own : SLX,
too hard pick a winner out all of them
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