Tuesday, November 18, 2014

Tuesday, ObamaCare And The Market -- November 18, 2014

Yesterday I posted this one-liner in response to my thoughts on ObamaCare:
On a side note, investors are going to do very, very well.
And wouldn't you know it, here it is. Reuters is reporting:
U.S. stocks rose on Tuesday, with the Dow and S&P 500 ending at records as healthcare shares advanced and optimism grew about the global economy.
As much as I dislike ObamaCare, it was clear to me about a year ago that the health care industry was going to do very, very well. Yesterday the NYT reported that Big Health and Big Government are mutually benefiting from ObamaCare, and now the Dow hits new records, to some extent on the shoulders of healthcare.

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I find it interesting that perhaps the biggest story of the day received almost no attention: fracking allowed in the nation's largest forest in the eastern US. Post here

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