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Originally posted by SignyM:
I was really wondering about that... After all, it became a truism that health insurance and pharma stocks ZOOMED up after the bill passed because they smelled huge profits in the future.

Well, I looked up a bunch of stocks on the following website, and it turned out to be NOT TRUE.

http://finance.yahoo.com/charts

Having looked up Wellpoint, Cigna, Aetna, GSK, Baxter, and a number of other health-care related stocks, I found that most of them "blipped" a little bit upward the day of the vote.

BUT.

The operative term is a LITTLE bit. They have not reached, or just barely reached, their 2-year-ago levels, and are still below their 5-year-ago levels.... some of them just half of what they were. So I'm not seeing a killing (so to speak!) on the stock market, nor am I seeing any aniticipation of huge profits in the future.

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Originally posted by Niki2:
Poor little Jewel--so mired in one mentality it has to come out in every discussion, thereby ignoring anything substantive.

I had wondered the same thing.

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Originally posted by jewelstaitefan:

Nope, 101%, 267%, 139%, 77%, 72% gains, no profiteering going on here, move along now, never mind that man behind the curtain, no profitmaking here, that's just normal, happens all the time.....insignificant even!!! Nothing to see here....

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Originally posted by jewelstaitefan:

Quote:

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Originally posted by Niki2:
Poor little Jewel--so mired in one mentality it has to come out in every discussion, thereby ignoring anything substantive.

I had wondered the same thing.

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For those who are obviously not paying attention but actually want to know the answer, I checked out the quotes for the above mentioned shares.
I will use the quotes from 1 March 2010, which I think was the announcement by Obama that they would resort to the nuclear option (reconcilliation) to force through Obamacare.

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I waited until 4 Mar to change my funds, but it may have been before 1 March the announcement was made.
It was voted on Sunday 21 March.
GSK: 1 Mar @37.03, 17 Mar @37.80, 18 Mar @39.22, 22 Mar @39.01. From 37.03 to 39.22 is 2.2 gain, or 5.8% over this 3 week period, equating to 101% APR gain, aka profit.
Aetna: 1 Mar @30.32, 22 Mar @34.64, 23 Mar @34.99 for 4.67 gain or 15.4% /3wk, and 267% APR gain.
Cigna: 1 Mar @34.58, 22 Mar @37.28, for 2.7 and 8.1% /3wk, and 139% APR gain.
Wellpoint: 1 Mar @62.06, 19 Mar @65.07, for 3 gain or 4.5% /3wk and 77% APR gain.
Baxter: 1 Mar @57.27, 22Mar @59.67, for 2.4 gain or 4.2% /3wk and 72% APR gain.

Nope, 101%, 267%, 139%, 77%, 72% gains, no profiteering going on here, move along now, never mind that man behind the curtain, no profitmaking here, that's just normal, happens all the time.....insignificant even!!! Nothing to see here....
Right.
Of course, spelling it all out for those not paying attention takes time, which will of course be wasted because you will ignore the facts in favor of your preconcieved conclusions which have no bearing in reality.

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Originally posted by Niki2:
Sigh...they still do it, tho', don't they? And their "base" buys it whole cloth, "I know it's true, 'cuz I saw it on TV".

Silly Mike, how can you expect their base to "not be so stupid and/or easily misled"? The majority of them don't think seriously about politics, they just mimic what they hear, Wind is a prime example.

Where do you think all those horrendous numbers about what Republicans believe came from? One source=believing that source implicitly.

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Originally posted by Hero:

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Originally posted by jewelstaitefan:

Nope, 101%, 267%, 139%, 77%, 72% gains, no profiteering going on here, move along now, never mind that man behind the curtain, no profitmaking here, that's just normal, happens all the time.....insignificant even!!! Nothing to see here....

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I don't think you know what profiteering is.

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Originally posted by SignyM:
I was really wondering about that... After all, it became a truism that health insurance and pharma stocks ZOOMED up after the bill passed because they smelled huge profits in the future.

Well, I looked up a bunch of stocks on the following website, and it turned out to be NOT TRUE.

http://finance.yahoo.com/charts

Having looked up Wellpoint, Cigna, Aetna, GSK, Baxter, and a number of other health-care related stocks, I found that most of them "blipped" a little bit upward the day of the vote.

BUT.

The operative term is a LITTLE bit. They have not reached, or just barely reached, their 2-year-ago levels, and are still below their 5-year-ago levels.... some of them just half of what they were. So I'm not seeing a killing (so to speak!) on the stock market, nor am I seeing any aniticipation of huge profits in the future.

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Originally posted by antimason:

Quote:

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Originally posted by SignyM:
I was really wondering about that... After all, it became a truism that health insurance and pharma stocks ZOOMED up after the bill passed because they smelled huge profits in the future.

Well, I looked up a bunch of stocks on the following website, and it turned out to be NOT TRUE.

http://finance.yahoo.com/charts

Having looked up Wellpoint, Cigna, Aetna, GSK, Baxter, and a number of other health-care related stocks, I found that most of them "blipped" a little bit upward the day of the vote.

BUT.

The operative term is a LITTLE bit. They have not reached, or just barely reached, their 2-year-ago levels, and are still below their 5-year-ago levels.... some of them just half of what they were. So I'm not seeing a killing (so to speak!) on the stock market, nor am I seeing any aniticipation of huge profits in the future.

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that's interesting, i wasnt aware of that.

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