Monday, March 22, 2010

Healthcare outperforming, as well it should be

Today's market leaders are healthcare firms, the day after the house passed a healthcare bill despite bipartisan opposition (unanimous GOP opposition + 34 Democrats).

Healthcare stocks are ripping today, led by the hospital stocks. Jack Ablin of Harris Private Bank put it best today:

"What it really comes down to is that as a result of this bill health care is a beneficiary at the expense of every other sector."

There will be some interesting developments to watch. Among them are the lawsuits about to be filed by as many as 12 state attorney generals, on the grounds that requiring individuals to purchase goods and services from private companies is unconstitutional.

Copyright 2010 AlphaNinja

No comments:

Post a Comment