Healthcare Stocks Assert Themselves Higher, Amidst a Renewed Renaissance of Obamacare Ruins

Everyone loves a good story, especially a tragic one. The “yes we can” attitude of both republicans and democrats to give Obamacare failure another chance has become a reality. The foreboding easterly winds are howling again and the market loves them.

“That’s fucking crazy”, ponders the gentleman clothed in a top hat and monocle reading this article right now.

“Precisely.”

We’re living in an era of bailouts, a livid time and place when only small people get to fail and be reduced to rubble, whereas the big and systematic businesses and organizations plod along — succored — by taxpayers money. Obamacare will get bailed out, because that’s what we do. Our integrity was traded away a long time ago, replaced with a subservience to faux free markets, Ronald Reagan, and anything or anyone who opposed Nazis.

Subsequently, as expected, healthcare stocks raged higher today — leading the overall market from the black abyss towards sea level. Some might call today’s 60 plus point turnaround in the Nasdaq ‘miraculous’, but readers here know it was nothing but a day’s light work for riggers who rig.

$HCA, $UHS and $SEM led hospital care higher, while about two dozen biotechs up more than 5% led the drugs towards elysian.

Healthcare information systems spiked too. More patients, more paperwork. $MDRX, $CPSI and $CERN impressed to the upside.

Both gold and silver led everything higher, leaving only commodities lower — which is a temporary condition that will be corrected during tomorrow’s ‘turn around Tuesday’ trade. As an example, $CLF reversed all of its losses and will be closing higher — like a nice, well mannered, stock.

I expect markets will move higher tomorrow, through the rest of the week. If I wasn’t already 100% invested in $WLK, I’d buy $X, $TECK and other commodity plays now.

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