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Well, Not Yet, Anyway
Posted By Invictus On March 25, 2010 @ 5:00 pm In Financial Press,Markets,Television | Comments Disabled
Cramer, late last week [1] (prior to its passage), on health care reform:
First, it is the single biggest impediment to the stock market going higher.
As I write this (late Thursday morning), the market (S&P500) has tacked on ~1.3% so far this week, with healthcare, pharma, etc. — all the companies Obamacare was going to kill — chugging right along (I note a new 52-wk high on BMY).
Might it be:
A) That the market — forward-looking beast that it is — had already priced in health care reform?
B) That healthcare reform is not the dire economy-killer many made it out to be?
C) That Cramer is still the best contrary indicator in the history of mankind?
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URL to article: http://www.ritholtz.com/blog/2010/03/well-not-yet-anyway/
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[1] late last week: http://kudlowsmoneypolitics.blogspot.com/2010/03/kudlow-cramer-reunion-will-obama-care.html
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