Posted on 03/21/2010 1:48:02 PM PDT by ReleaseTheHounds
Just wondering how Freepers think the stock market (and stock markets around the globe) will respond to the passage of Obama's "health insurance reform"? I was looking to see if the markets in Asia had opened yet and if they were reacting but I don't think so.
Nikkei Closed today, Holiday.
You’ll likely see a lot of trading over the next couple days. Many are going to shift their money into other things or sell outright. Wait until they make the capital gains increase retroactive to Jan 1 to snare all those selling now.
Go down faster than the H.M.S. Titanic did.
The markets are manipulated by Soros and Obama.
moved to fixed funds on Friday.
Bill
But hey!!! Like Nazi Pelosi said, we can all be artists and poets now!!! More free time and no medical bills!
Short all medical device manufacturers
Gun sales will be up. Buy from individual. It’s only a matter of time before the govt. deems firearms a health risk and can now control all factors related to health.
I sold off a month or so ago. I knew it was either going to be this or another market crash (or now... both).
When there’s blood in the streets, it’s time to buy.
If their workers cannot be denied coverage for pre-existing conditions?
Would it be cheaper to pay the fine and let the workers buy their own?
Who knows.
Irrationally like they always do short term. The long term is the killer.
Not only is the bill costly, it will bring great insecurities on future investment decision in manufacturing and other sectors.
However, the health stocks should shoot up.
I think they will go up or down not sure yet
Mass firings usually make their stocks go up. If its seen as shedding deadwood.
Health-care companies will be up tomorrow, many new enrollees coming down the pike due to the mandate. But I wouldn’t bet on those same companies four-five years from now.
Will Obama get a poll bump from this?
Don't mistake the fact that the economy now has enough solid information to make decisions about capital allocation as an endorsement. It's more like a temporary release from limbo. Hell has not been ruled out.
It will be 15% to 20% + the new 3.9% surtax for Medicare, for a total of 23.9% Cap Gains Rate.
Many will sell, realize the gains, get out and the Fed will get a one time boost in revenue, but in the long run they have just made the markets a less atractive place to be.
And as far as looking for investments not touched, think again, Annunites etc are also subject to the 3.9% Seniors will be pissed.
futures are down. My favorite is copper, an indicator of economic growth. Everything is down.
Buy rectal thermometers to send to everyone that voted yea
“Short all medical device manufacturers”
Yep. Insurance companies will screw them through the health panels they will control.
Exactly. Fall like a rock to the bottom of the ocean.
GOLD MARKET OPENS AT 1800 EAST COAST TIME - ONE HOUR FROM NOW.
“”GE, which has been advertising about its big database for “the medical records of every person on the planet” has much to gain””
That money came to GE and others through the stimulus money. The big push for that came from life insurers and related, so they have easier ways to deny new plans and assure their insureds are the healthiest part of the population.
Probably a continued giant rally in the healthcare stocks. They are already up about 20% over the SP500. The market understands very well that despite all the hatred supposedly directed at the Healthcare insurers, this bill will hand between 2 and 8% of every American’s income over to the insurers, a substantial increase over present levels.
CNBCs Cramer was predicting a sell off on Monday, if HealthCare Bill passed on Sunday.
What will the Moody’s rating service do now?
Small health insurance companies will not fare well. Pre-existing conditions coverage will likely be required very soon after the rules are written and the mandates will not yet be in force until 2014. Assurant health and companies like it that sell individual policies say bye bye! The larger insurance companies (UHC, Wellpoint etc.) will stick around to fail and be bailed out just like the banks to become quasi-governmental entities that function not as insurers but as administrators.
“Would it be cheaper to pay the fine and let the workers buy their own?”
That’s been my suspicion, but CATerpillar claimed exactly the opposite. I don’t understand why.
I move all the retirement funds into a safe haven at TIAA-CREF the day after Obama took over and have not regretted making small gains but not losing.
Probably because their union workers would demand full payment by the company if they have to “buy their own”.
Short term, the DOW and S&P will probably go up. Wall Street loves 0bama. Big Business, Big Labor, and Big Government, all working together. Just like in Atlas Shrugged. Long term, we are headed into economic oblivion, and this bill is just another brick (a very big one) in the road to getting there.
The passage of this bill was all factored in. If we don’t quit and keep fighting obamacare to the point where they can’t get card check etc. then markets will like that. If this makes the good guys cave its all over.
“CNBCs Cramer was predicting a sell off on Monday,”
He’s an idiot. Probably believes in the public option too.
If there is a down, it will be short-lived uninformed day traders causing it.
I don’t think it will do much. Most investors have a lot of losses instead of gains anyway. I for one have reduced my US holdings pretty significantly since Obama won the election anyway, so I have little to sell. I think that in the long run, though, this bill will assure that there is very little investment in the US.
I’m thinking of buying rectal thermometers to everyone I know who voted for OBOMBA!
YES..that’s the end game. Employers take the fine and then when there are so many people looking for insurance, the government comes back and says, SEE..WE NEED THE PUBLIC OPTION..IT’S THE ONLY ALTERNATIVE.
RE: “But hey!!! Like Nazi Pelosi said, we can all be artists and poets now!!! More free time and no medical bills!”
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Yeah, more free time and no medical bills — kinda like after the election when Obama’s idiot voters were screeching about how happy they were that they wouldn’t have to pay their mortgages any longer or pay for gas for their cars. IDIOTS!
re: “Gun sales will be up”
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Yep, I figured as much. Smith & Wesson, et al, thanks the Dems very much!
The markets are manipulated by Soros and Obama.
How? They don’t have enough money between them to do that, even with the FED’s help.
They will be up. Markets dislike uncertainty. What happens long term may be a different story...
The goal of Obama is to destroy the middle class, no question. We will have the rich and the poor in a few years.
RE: “And as far as looking for investments not touched, think again, Annunites etc are also subject to the 3.9% Seniors will be pissed.”
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Unfortunately that is correct; NO assets of any kind will be safe. We are about to REALLY get robbed!
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