Hillary’s schemes for healthcare included messing with the big pharma apple cart — which was the prime driver behind the sectors dreadful -35% performance during 2016. However, not that she’s lost and relegated to the Walter Mondale trash heap of losers, the sector is enjoying a furious, barn stormer, rally this morning — higher by nearly 6%.
I’m not sure if the market is reading Trump correctly here. After all, he’s pledged to fix the healthcare system and to be against big business fucking with the people. Frankly, I don’t see how Trump could permit these companies to enjoy largess profits, and reform healthcare at the same time.
Nevertheless, for now, people in biotech land are elated with the Trump win — bidding up shares of controversial stocks like ENDP, MNK, VRX, as well as the leaders GILD, AMGN, BIIB and many others.
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Well, Trump has now won the Presidency and the Republicans have the congress. Now let’s see what they can do to actually change things for the better.
Be interesting to see who they blame it on when the country is a smoldering pile of shit four years from now.
Cap’n Fly, what are your thoughts on TLT and where you think its going please sir!