... counties, cities, corporations, and other organizations worldwide. The bond market is huge, much larger than the stock market. A bond’s interest rate reflects both the general interest rates at ... management and trading expenses, do worse than the market as a whole.There are thousands of mutual funds, specializing in every segment of the market. If you want to invest in the biotech industry ... Not only do you lose money, but you have been proven (by the market) wrong—a double blow. It is much easier to wait, hoping that the market will reverse and wipe out your loss. Sometimes it does....