Possibility of Market Dump Due to Healthcare Bill

[turkeyneck]

Quote from shortie:

Cramer has some valid points here:

http://www.businessandmedia.org/articles/2010/20100319055725.aspx
As CNBC “Mad Money” host Jim Cramer predicted – if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC’s March 18 “The Kudlow Report,” with his former broadcast partner Larry Kudlow. Kudlow asked Cramer to elaborate on his theory ObamaCare could send the financial markets reeling or “topple the stock market,” as Kudlow described it.

 

[S2007S]

Quote from turkeyneck:

Maybe cramer meant tomorrow or next week, maybe he didn't mean on Monday morning.

 

[turkeyneck]

Quote from S2007S:

Maybe cramer meant tomorrow or next week, maybe he didn't mean on Monday morning.

Or next decade when no one remembers...

http://www.thestreet.com/funds/smarter/891820.html

 

[shortie]

Quote from shortie:

I am getting more and more convinced that the healthcare bill passage may knock down the market short-term. Share your thoughts here. this thread is for market action due to to likely bill passage.

this thread is NOT about bickering why the bill is good/bad, save those for Rennik's thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=194119&highlight=healthcare

Shortie = "Often Wrong, Never in Doubt"

 

[Ivanovich]

It's not just being wrong, but being 100% totally and completely wrong. The market is just rocketing up with no end in sight. There probably IS an end, but it's not in sight!

But at least you're a good sport about admitting your error. Er...errors.

Just stop posting these polls and limit yourself to one poll.

 

[shortie]

Quote from Ivanovich:

It's not just being wrong, but being 100% totally and completely wrong. The market is just rocketing up with no end in sight. There probably IS an end, but it's not in sight!

But at least you're a good sport about admitting your error. Er...errors.

Just stop posting these polls and limit yourself to one poll.

but the week is not over. we still may dump big time...

 

[S2007S]

Not one slight pull back the entire day, since the markets went positive about 30 minutes after the opening they never once went back to the downside, continuous flow higher the entire day, financials just touched a new intraday high yet again.

 

[turkeyneck]

End of 1Q effect...

 

[S2007S]

By the way oil had a HUGE turnaround today, from $79 to over $81+ the higher the market goes the higher oil goes the more strain on the economy, I paid just a bit under $3.00 for 87 the other day, all other premium gasoline's were already above $3.00. Oil prices go any higher, $85, $90 $100+ and watch how this rally just falls apart.

 

[Ivanovich]

Quote from turkeyneck:

End of 1Q effect...

Try end of QE effect.