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Transcripts For CNBC Fast Money 20170110

gartman here to explain why one group of stocks are still rallying. but first we start off with the record highs and propelled by biotech up 8% more than double the gains in the health tech sector. that all as president-elect trump is pushing for a quick repeal of obamacare and republicans in the senate and house maneuver to make it a reality. so what is behind this move? is it too late to get in? no, i don t think it is. what is behind the move? what is behind the move is the fact that you haven t heard politicians now effectively talkingabout biotech talk about it the last month. it hasn t been steadfast on everybody s radar screen. so thousand people are lonow pe valuation and maybe the companies are not left to dead. ibb we talk about all the time. look at all through 2016, how many times did to try to get through 250 on the down side? probably four, five, failed to come so each time. now it s above the 280 level that we ve talked about for the last year and a half. and

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