berni_mccoy
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Mon Dec-21-09 03:46 PM
Original message |
Stocks go up. Stocks go down. |
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Edited on Mon Dec-21-09 03:48 PM by berni_mccoy
Correlating the stock prices of Health Insurance Industry to health care legislation, well, is stupid.
The market is at a 52-week high as well. Using the same logic, I can argue that the Health Insurance industry stocks are up because of the economic stimulus plan.
Apple is near its 52-week high as well. Did Congress pass some laws about iPods?
This entire point has been refuted many times in better ways here at this site. Why do people insist on regurgitating this failure of logic?
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DJ13
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Mon Dec-21-09 03:49 PM
Response to Original message |
1. You're right, theres no correlation between trillions to banks & bank stock prices |
tekisui
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Mon Dec-21-09 03:49 PM
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2. Markets do well when uncertainty is removed. |
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Looking at any insurance stock moving upwards, it would more likely be attributed to the certainty of what is coming, rather than the industries expectations.
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berni_mccoy
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Mon Dec-21-09 03:51 PM
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4. Uncertainty is often a profitable condition for traders and can push a stock |
Jeff In Milwaukee
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Mon Dec-21-09 03:52 PM
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Any movement in stock prices today would be just as certain to occur if HCR had been defeated.
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cliffordu
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Mon Dec-21-09 03:51 PM
Response to Original message |
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Edited on Mon Dec-21-09 04:00 PM by cliffordu
dumb post.
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Donnachaidh
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Mon Dec-21-09 04:47 PM
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6. it's tough to sell a crap bill when the wealthy are lining up to make millions from stocks off the |
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backs of the newly enslaved *consumers*....
:eyes:
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DU
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Tue May 07th 2024, 03:27 PM
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