Even Cramer gets one right from time to time.............
He is wrong on this. The Market has already factored in that it will pass. Betting on Wall Street right now is 80% think it will pass. Insurance stocks will rise.
It’s actually a valid investment strategy to do the exact opposite of whatever Jim “Buy Lehman!” Cramer says to do.
I don’t believe it. Odds are this will pass, or at least nobody could be betting that it won’t right now. And the market is up big this week.
Eventually, there will be major repercussions in our economy, but I doubt the market is going to tank on Monday if the bill passes.
If Cramer is right watch for the President to announce that the plan will be delayed until the economy improves. That right there could mean after the angry American electorate votes out all those Democrats (and a lot of RINO’s) the plan will never become law.
Nah - Cramer is the best contra-indicater I've seen.
Time to buy big!
The fate of that legal betting pool called the stock market will be the least of our worries should NancyCare come to pass.
I’m beginning to think that if the Democrats KNEW passage of this outrageous bill would crash the stock market, increase unemployment to 25%, bankrupt the country and put Americans out of their homes and into cardboard boxes, they’d still vote for it. Gotta make Obama look good, and gotta advance Socialism.
When’s the last time Cramer was right on anything?
He said Bear-Stearns was a great buy at $40, a couple of days before it collapsed.
He was massively wrong on something else a few months later.
Whatever it was he said would happen (market up, market down, I don’t recall) if Scott Brown replaced The Swimmer, the opposite happened.
Why should any credibility be attached to anything he says?
Note the walking-distance metro stop. Park anywhere and ride the metro in.
Or drive around the Capitol and gridlock traffic while honking thousand of car horns.
GM, Chrysler and banks were the test companies. Health care is the big enchilada. If they succeed in Ocare, nothing will stop them from taking other industries over.
Next in line: gas and energy
Over $3 gas this summer will prompt the moral outrage once again, and Obama will deem it necessary to make gas and energy affordable to all Americans.
You know its coming, folks. We are living in a time of unprecedented government greed under the guise of humanitarianism, not seen since the likes of FDR.
The downtrodden will eat it up, especially those in high unemployment areas. More and more dependency on the government means more votes for liberals.
If this isn't stopped now, this will create a permanent cycle which will ensure Democrats will always hold office.
We are living in trying times, there is no doubt. The fate of our country is on the line.
It really is, do or die.
Glad you said "some". Insurance companies and related medical will probably plummet but the broader market will be ok in the relatively short term, in the long run, after the next year or two everything may tank.
As always, just an opinion.
A lot of people think that if the health bill passes it will create such a reaction that none of the other stuff will. Others think it will embolden the demoncrats further to ‘pass’ things without votes etc..
I have just a small amount of “extra” money I’ve been playing with. One of my plays is MYL, seems it would be good to keep with healthcare being passed.
But, for the rest, is the consensus sell off today?
Let’s look at what Obamacare will do to the economy apart from the stock market as the stock market should just be a reflection of that impact.
-Taxes will increase for the first 4 years with no change in healthcare law. Those taxes will cause both companies and individuals to change their behavior to avoid the taxes. Those changes in behavior will not be done based on productivity or profitability, but on taxes. Thus productivity and thus standard of living will be impacted negatively by the increase in taxes.
-Companies, and some individuals, will adjust their behavior to prepare for the future. Invaribly big government regulation favors big business over small business. Thus there will be a wave of mergers and acquistions. The big will get bigger. The small will disappear. That is true in both the insurance sector and the provider sector.
-Individual providers, doctors, nurses, hospital administrators, etc will have 4 years in which to decide if their career with take a new direction... into retirement or into some non-provider role. Since the need for lawyers with healthcare expertise will increase and not be regulated, expect some doctors to become lawyers.
-Based on HIPPAAAAH and past governmetn bureaucratic control of healthcare, IT consulting will become a booming business. State and local health and welfare departments, hospitals, clinics and doctors, insurance companies, and of course the new federal bureaucracy of 137 commissions will all need changes to software. This would seem to be 10 times bigger than HIPPA. HIPPA was unable to find enough Americans willing and able to make the hundreds of billiions of dollars of changes to the software needed and had to offshore major parts of that software effort.
Expect major parts of compliance with Obamacare to be offshored. Foreign firms like SAP, Siemens, HTIC, etal are likely to grow as well as the big US firms like IBM.
The new government bureaucracy will become so big that IBM and DB2 will gain advantage over HP, Oracle, Microsoft that just cannot handle the sheer size of the processing required by such big bureaucratic demands.
But then, watch for HP, Oracle, Microsoft to scramble to catch up with IBM. Their focus on big will mean a lack of focus on small business where they currently make their money. So not only will big government encourage mergers and acquisitions, but it will also reduce the market for small business information systems. Small business will be put at a disadvantage with less than the best information systems as a result of all of this.
Summary. Big government benefits big business over small busiess.
Ever since Cramer cried over Elliot Spitzer on TV, he lost all credibility with me.
No it is not. When everyone is crying doom and gloom, the markets will go up. The markets are not about to fall, the government will not let them go down. We have seen story after story about how precipitous the whole econonmy is — look at the market charts and stock prices in general, up, up, up. Only when people truly believe that the economy is going to recover will the market crash.
I can’t stand Cramer but he’s right on this one.
Imposing a Medicare tax on dividends and Capital gains, on top of letting the Bush tax custs expire, what does that leave us as an effective tax rate? Investment will dry up or MOVE ELSEWHERE...
If you can’t go to DC, then go to their local offices, or hold street corner rallies. Be sure to put your signs on sticks you can then rest on, hands will cramp. Take photos, call media, talk radio, program them into your phones. Take a supply of magic markers, and a bull horn if you have access to one. Hit the Medicare cut & gut theme..nothing like mad grannies and gramps. VA Cuts, taxes on special needs kids...35 new taxes.
Pass it on! There is $500 BILLION in Cuts to Medicare, SS, Huge fees for Tricare for Life, the over 65 retired Militarys health ins. 8% cuts to Medicare benefits, 15% cuts to nursing homes, cuts to in home nursing care of Medicare patients. 35 NEW taxes to be collected for 4 years BEFORE the health care promised goes into effect! Even a tax on Special Needs Kids, like Jerrys Kids.
Call all your Reps today.........raise as much noise about the Medicare cut & Gut to give illegals FREE health care and our jobs as you can...its CRUNCH TIME to save the soul of America. Hes now promising LaRaza free health care for illegals and more jobs.
Health Care Rationing for Seniors Another Problem in New Obama Plan
Repeal Obamacare? Unlikely
OBAMA PROPOSAL THREATENS TO DENY SENIOR CITIZENS ABILITY TO USE OWN MONEY TO SAVE THEIR OWN LIVES
Obama spent last week campaigning for health care reform, at one point getting some college-age fans worked up about all the free stuff free preventive care and free checkups and so forth they would receive if his version of health care reform passed.
TRI CARE FOR LIFE This from a google search:
This option would help reduce the costs of TFL, as well as costs for Medicare, by introducing minimum out-of pocket requirements for beneficiaries. Under this option, TFL would not cover any of the first $525 of an enrollees cost-sharing liabilities for calendar year 2011 and would limit coverage to 50 percent of the next $4,725 in Medicare cost sharing that the beneficiary incurred. (Because all further cost sharing would be covered by TFL, enrollees could not pay more than $2,888 in cost sharing in that year.) http://www.cbo.gov/ftpdocs/99xx/doc9925/12-18-HealthOptions.pdf
Walgreens: no new Medicaid patients as of April 16
Survey in New England Journal of Medicine Says 46% of US Doctors Will Quit If Obamacare Passes
CBO: Obamacare Would Cost Over $2 Trillion
Weekly Standard ^ | March 18, 2010 | Jeffrey Anderson
Posted on Thursday, March 18, 2010 6:02:44 PM
The numbers are also listed on Rushs page.
Here is one of the ones he gave out on the radio that Im calling. So far its been busy but Im going to burn it up till I get to tell my congress critter to vote NO!
Join me?..... 1-877-762-8762
They may have busied it out, or we overloaded it. Regular numbers are busy too.
U.S. Senate switchboard: (202) 224-3121
U.S. House switchboard: (202) 225-3121
White House comments: (202) 456-1111
Find your House Rep.: http://www.house.gov/writerep
Find your US Senators: http://www.senate.gov/general/contact_information/senators_cfm.cfm
Toll free to the US Senate:
1-800-882-2005. (Spanish number)
1-800-417-7666. (English number)
Courtesy of a pro-amnesty group, no less!!
Defeat Obamacare call list: Be sure to call KNOWN RINOS too.THEY ARE ANSWERING THEIR LOCAL NUMBERS
Here is one of the ones Rush gave out on the radio that Im calling. So far its been busy but Im going to burn it up till I get to tell my congress critter to vote NO!
Join me?..... 1-877-762-8762
KEEP THE CALLS UP! DC OFFICE LOCAL OFFICE
CODE RED Contact list http://www.nrcc.org/CodeRed/targets/
Remember they are all being offered BRIBES for their votes. Ask them how much their bribe price is.
The National Republican Congressional Committee has published a target list on health care. In addition to continuing to contact the five Tennessee Democrat Congressmen, you can go http://www.votervoice.net/link/clickthrough/ext/94697.aspx to contact some of these targets. Much of the talk following Obamas announcement has focused on how to defeat this second bill through reconciliation, but that is misleading because the first step to defeating Obamacare is not by concentrating on defeating the fixer bill but by defeating the Senate bill in the House when it goes to the floor for an up-or-down vote on Thursday, March 18th.
RUSH says to pressure these 2
Charles Wilson, Ohio Toll Free Number 888-706-1833 DC (202) 225-5705 fx: (202) 225-5907, Bridgeport, (740) 633-5705 fx: (740) 633-5727, Canfield, (330) 533-7250 fx: (330) 533-7136 Marietta, : (740) 376-0868 fx: (740) 376-0886 Ironton, (740) 533-9423 fx: (740) 533-9359 Wellsville, 330) 532-3740
Joe Cao DC (202) 225-6636 Fax: (202) 225-1988, NO (504) 483-2325 Fax: (504) 483-7944
Rep. Bart Gordon TN 202-225-4231 Murfreesboro office: 615-896-1986, 931-528-5907, 615-451-5174
Mark Schauer D.C. (202) 225-6276 Fax: (202) 225-6281 Jackson, MI (517) 780-9075
Fax: (517) 780-9081 Toll-Free: (877) 737-6407
Dennis Kucinish, Lakewood 216)228-8850, Fax (216)228-6465,
Parma. 440)845-2707, Fax (440)845-2743, DC (202)225-5871
Dennis Cardoza DC (202) 225-6131, Fax: 225-0819, 800-356-6424, Merced, (209) 383-4455 Fax: 726-1065 Modesto 209) 527-1914 Fax: 527-5748 Modesto, (209) 527-1914
Jim Costa Fresno 559-495-1620, Fax:559-495-1027, Bakersfeld, 661-869-1620 Fax: 661-869-1027 DC Phone:202-225-3341 Fax: 202-225-9308 Fax (202)225-5745
James Oberstar MN (202) 225-6211, Duluth (218) 727-7474, Chisholm (218) 254-5761, Brainerd (218) 828-4400, North Branch, (651) 277-1234
Gabrielle Giffords AZ (202) 225-2542 (520) 881-3588 8th District
John Boccieri (D), Ohio Voted Yes on Stupak, NO on Health Care.Contact info - DC office (202) 225-3876 - Fax - (202) 225-3059 (330) 489-4414, Local Fax - (330) 489-4448
Betsy Markey DC 202.225.4676, fx. 202.225.5870, Ft. Collins, 970.221.7110fx 970.221.7240, Greeley, 970.351.6007 fx 970.351.6068, Lamar, 719.931.4003
fx 719.931.4005, Sterling, 970.522.0203 fx 970.522.1783
recd from NCTeaParty.com Despite earlier assurances that he was a NO on health care reform and would not change his mind, Rep. Heath Shuler, NC 11, is now undecided.
Rep. Heath Shuler, North Carolina 11th
http://shuler.house.gov/ DC Office Number: (202) 225-6401, DC Fax Number: (202) 226-6422 Local Office Number: (828) 252-1651, Local Fax Number: (828) 252-8734 Chief of Staff: Hayden Rogers email: firstname.lastname@example.org
Rep. Lincoln Davis 202-225-6831 Columbia office: 931-490-8699
Rep. Jim Cooper 202-225-4311 Nashville office: 615-736-5295
John Tanner (202) 225-4714, Union City, (731) 885-7070, Jackson Phone: (731) 423-4848, Millington (901) 873-5690 TN (MAYBE)
Rep. Steve Cohen 202-225-3265 Memphis office: 901-544-4131
Harry Mitchell (202) 225-2190 (480) 946-2411 AZ 5th District
Ann Kirkpatrick (202) 225-2315 (928) 226-6914 AZ 1st District
Jerry McNerney (202) 225-1947 925-833-0643 CA 11th District
John Salazar 202-225-4761 970-245-7107 CO 3rd District
Jim Himes (202) 225-5541 (866) 453-0028 CT 4th District
Alan Grayson (202) 225-2176 (407) 841-1757 FL 8th District
Bill Foster (202) 225-2976 630-406-1114 IL 14th District
Baron Hill 202 225 5315 812 288 3999 IN 9th District
Gary Peters (202) 225-5802 (248) 273-4227 MI 9th District
Dina Titus (202) 225-3252 702-256-DINA (3462) NV 3rd District
Carol Shea-Porter (202) 225-5456 (603) 743-4813 NH 1st District
Tim Bishop (202) 225-3826 (631) 696-6500 NY 1st District
John Hall (202) 225-5441 (845) 225-3641 x49371 NY 19th District
Bill Owens (202) 225-4611 (315) 782-3150 NY 23rd District
James Matheson Toll-Free Number 1 (877) 677-9743 (202) 225-3011Mike Arcuri (202)225-3665 (315)793-8146 NY 24th District
Dan Maffei (202) 225-3701 (315) 423-5657 NY 25th District
Earl Pomeroy (202) 225-2611 (701) 224-0355 ND At-Large District
Steven Driehaus (202) 225-2216 (513) 684-2723 OH 1st District
Mary Jo Kilroy (202) 225-2015 (614) 294-2196 OH 15th District
Zach Space (202) 225-6265 (330) 364-4300 OH 18th District
Kathy Dahlkemper (202) 225-5406 (814) 456-2038 PA 3rd District
Patrick Murphy (202) 225-4276 (215) 826-1963 PA 8th District
Christopher Carney (202) 225-3731 (570) 585-9988 PA 10th District
Paul Kanjorski (202) 225-6511 (570) 825-2200 PA 11th District
John Spratt (202) 225-5501 (803)327-1114 SC 5th District
Tom Perriello (202) 225-4711 (276) 656-2291 VA 5th District
Alan Mollohan (202) 225-4172 (304) 623-4422 WVA 1st District
Nick Rahall (202) 225-3452 (304) 252-5000 WVA 3rd District
Steve Kagen (202) 225-5665 (920) 437-1954 WI 8th District
Bart Stupak (202) 225 4735 MI (MAYBE)
Brian Baird (202) 225-3536, Vancouver, (360) 695-6292. Olympia, (360) 352-9768, (MAYBE)
senator mark begich (202) 224-3004 toll free. (877) 501 - 6275 just became a MAYBE
Jason Altmire 202-225-2565, Aliquippa, 724-378-0928,
Natrona Heights, 724-226-1304 (MAYBE)
Congressional Dems on Twitter
And here are toll-free numbers we can use to call any Senators or Reps.
At the first number below you must wait through a tape recording urging you to tell your Rep or Senator to vote yes for the health care bill. Just hang on and when the recording is over, you will get the Capitol operator. Just ask for your Rep or Senators office. Then you will either talk to an aid or have the chance to leave a message for him/her to vote NO on the health care bill.
When you use the second number and the Capitol operator comes on, just ask for your Rep or Senators office. Every time I use this number I get the Rep or Senators answer machine, so it may be set up that way all the time...to go to their answer machine. Either way you can leave a message to vote NO on the health care bill!
We need to use these toll free numbers that have been set up for the health care/ BO supporters and illegals to use! After all they are FREE!
1-866-220-0044, 1-866-338-1015, 877-851-6437, 877-210-5351