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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Not only are we living in an era of bailouts, a livid time and place when only small people get to fail and be reduced to rubble, we are also living in an era of stupidity – political correctness being one of them. How is that for “Grab HER”:
https://tinyurl.com/kw2ewya ?
http://www.npr.org/2017/03/27/521441490/fact-check-trump-says-obamacare-is-exploding-its-not
17th Obamacare Co-Op Exits Due To “Hazardous Financial Conditions” – Only 6 Left (sep16)
Aetna CEO Says Obamacare In “Death Spiral” And “It’s Getting Worse” (feb17)
ObamaCare Isn’t Working – These Five Charts Show Why (mar16)
Obamacare Doomed As Insurers Lose $2 Billion On Plans In 2016 (2017 Rates To Soar) (aug16)
The Obamacare Tipping Point (nov16)
“Rampant Fraud” Exposed In Exchanges: Fictitious Enrollees Obtained Subsidies (sep16)
http://www.zerohedge.com/news/2016-09-14/17th-obamacare-co-op-exits-due-hazardous-financial-conditions-only-6-left
http://www.zerohedge.com/news/2016-11-01/obamacare-tipping-point
http://www.zerohedge.com/news/2017-02-15/aetna-ceo-says-obamacare-death-spiral
http://www.zerohedge.com/news/2016-09-13/study-reveals-rampant-fraud-obamacare-exchanges-100-fictitious-enrollees-able-obtain
http://www.zerohedge.com/news/2016-08-17/obamacare-doomed-insurers-lose-2bn-plans-2016-prompting-2017-rates-soar
http://www.zerohedge.com/news/2016-05-24/obamacare-isnt-working-these-five-charts-show-why
Lmao 6 zerohedge links. I’m literally lol’ing at my desk.
As if there’s any credible information on that site, ever.
Ever…..?
What do you suggest? WaPo? CNN? Is that your reliable source of news? Please entertain us.
I write for ZH. Tyler is very pc and backs all of his stories up by MSM.
My premiums sure have been exploding. The exchanges are a disaster, especially in the unhealthier South.
Defending ACA is a litmus test for intellectual honesty among the left. Those who have any at least admit the law has serious problems. Another fun way to tell who’s really drank the koolaid among liberals is the whole “Russia spying” bs.
For the right its Pizza, the military budget, and global warming.
Well I was in the private market for like three months last year and it fucking sucked dick. Like almost $300 / month and I never got hurt (I’m 36). I think my dad’s premiums went up a shit load. But still what are you gonna do? Even Trump agrees you can’t just let people fucking die. It hurt but I could afford it
Heckler… try $1200 per month for a garbage plan I would not even considered it not a half dozen years ago… when we were paying about $350 per.
Always carry some healthcare in the portfolio. Pure pharma for me which has its fits and starts constantly. The cyclicals will be back in vogue before a bear market appears.
I love how Benny Shill tries to convince us of something that we see in real time and don’t need any article to understand.
Obamacare has failed.
A river to my people? A river of blood dog.
New design is a little janky, and I think the site still loads slow.
Feedback is appreciated. It helps us fix bugs. What’s the issue? Load time?
I was having missing “home” button issues but I think it’s fixed
Benny Shill believes he is intellectually superior and attempts to correct everyone. A sign of a narcissist. Ummm it was originally The Cream before just Cream.
He really believes that but folks like me just sit back and get entertained at the comedy/stupidity of it all. Extra ha ha ha ha ha ha
Trump probably didn’t care if the health bill passed or not. He has played the game nicely… let Obamacare crash and burn and the blame can be laid where it belongs…or his fallback position is the blame for not getting the bill passed lies with Ryan/Freedom caucus.
Sometimes the winning hand is no deal. Especially if the deal wasn’t going to be extremely beneficial for you in the longer run. In curling terms he blanked the end. Trump has the hammer and will use it when he can score more points….like tax reform.
Isn’t repeal of Obamacare a tax reform? Since Obamacare is a tax and not benefit?
Ok but would you rather have 2.3 Trillion dollars flowing back into the country( repatriation) not to mention tax cuts for domestic companies and residents or the smaller tax savings from repeal and rebate?
Lets get greedy man.
I rather see “mulatto scare” get crushed under its own weight.
HHL.to for the folks up in Gods country… at current price the yield is 8.33. paid out monthly.
I am long across all the accounts