Health Insurers' Shares Rise after Obama health reform speech

[quantass]

This sux...if their stock prices are rising it's an indication that they have nothing to fear from Obama's reform and if anything see bigger profits by its passing. Hope i'm reading into it incorrectly.

Ironically, i read that the Dow Index has largely recovered from the economic downturn due in part to rising Healthcare share prices as more and more investors are confident that healthcare reform will be a boon to HMO.

http://www.reuters.com/article/marketsNews/idINN1038450020090910?rpc=44

Let's hope they all suffer a collapse as congress starts finalizing a true bill that has a strong public option.

In the mean time, i wonder how many of you are capitalizing on this and buying shares in these companies. By all indications (price history charts) it seems one could have been making some serious change starting back in March.

[Uzybone]

1. Theyve been rising with the market

there is no reason to expect them to drop. Especially when there is no bill signed.

[Cyrano]

2. "No bill signed"??? There's not even a hope of any meaningful bill on the horizon.

[tridim]

6. Stop your damn whining and watch the speech

If you don't want to, then shut up and quit lying.

[Laelth]

3. LOL. No surprise there.

Any sane person with ears to hear could tell that the President was selling out the left last night and pushing for a massive, Federal bail-out of the health insurance cabal that's going to be paid for, principally, on the backs of the struggling American middle class.

Of course they're happy!

:dem:

-Laelth

[brentspeak]

4. Obama's speech guaranteed they'll be further entrenched and obscenely wealthier than ever before

[ShortnFiery]

5. Yes, party on Corporate Masters ... "thank you sir, will you gouge the middle class more?"

:eyes:

[tk2kewl]

7. assuming the same Wall-streeters that brought us the recession...

now have a grasp of the economy and politics.

I think they are just reacting emotionally to the possibility that there will be something other than confusion and mayhem.

[Political Tiger]

8. "Let's hope they all suffer a collapse"

We seem to keep forgetting that there tens of thousands of people ... regular, everyday people ... who work for these insurance companies. I doubt if they are all so eager to see the companies they work for and depend on for a paycheck to "suffer a collapse" just because we hate their employers.

[Zynx]

9. As healthcare stocks are a small component of the Dow that is a peculiar argument.

Merck, Pfizer, and Travelers are about the only major healthcare stocks in the Dow and they have, if anything, underperformed the rally.