- Russell 2000 (small cap) -- this is huge -- up until today, this was the one major indice that had not set new records
- S&P 500 -- barely, but it closed at a new high today
- Dow Transportations -- also set a new high; Dow Theory comes to mind
- Dow 30: not a new high, but a good day
- NASDAQ: not a new high, but a good day
- "Yields" are up.
Bye, Bye? Nope, Buy, Buy
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here. But having said that ...
I've said this repeatedly, so instead of writing de novo, I will simply cut and paste from an earlier post:
Longest running reality show/soap opera continues. These summer re-runs are getting a bit boring. No real need to post / link the most recent update. I will simply copy/paste what I wrote September 19, 2017.So, what's new?
Bye-bye? Nope, buy-buy. CNBC contributor had it exactly right today -- whether GOP repeals ObamaCare or whether it doesn't, investing in US health care companies is a no-brainer. Bottom line for the contributor regarding health care investments: buy-buy. Buy if ObamaCare is "repealed" (wink, wink); buy if ObamaCare survives a GOP vote to repeal. I've said the same thing for months.For investors: thank Paul Rand and John McCain for scuttling ObamaCare Lite. Rand and McCain insure that the big insurance companies will be the big winners, and for investors, that's good news.
Senator Schumer says the Senate is very, very close to bailing out the major, publicly held insurance companies. The story is here. ObamaCare, bye, bye? Nope, buy, buy.
By the way, from CNBC:
- regional insurer Medica is pulling out of the North Dakota's health exchange for 2018 at the last minute
- state regulators denied the health insurer's request for a rate increase to account for uncertainty over funding for Obamacare cost-reduction subsidies
- Wednesday was the deadline for insurers to commit to offering plans on the exchanges for 2018
- senators Lamar Alexander and Patty Murray say they will try to revive their bipartisan effort to approve funding for CSRs and stabilize the health insurance exchanges for the next two years