Health Industry Stocks up 1.05% today. No more than the general market.

[denem]

Health NYP.ID (1.05%) 6,472.47
Dow (1.03%) 10,435.38
S&P 500 (1.13%) 1,114.91
NASDAQ (1.07%) 2,235.46

as at 1.15 PM

S&P 500 >5 points off 52 week high of 1,119.13

[DJ13]

1. The point is that if the street saw this bill as bad for them they wouldnt be up at all

[still_one]

2. The actual point is that those healthcare stocks are at 52 week highs because they like the bill

[denem]

3. The S&P 500 is only five points off a 52 week high. There's not a lot in it.

[still_one]

4. True, but they like the bill. I predict if you buy United healthcare today, it will double

in a year

On Bloomberg, which is pretty objective compared to CNBS and faux, is saying that this is a healthcare insurance bonus

[denem]

6. I'm not betting anything will double. Insurers should do well, if Isreal

holds off on Iran.

[still_one]

7. Israel isn't going to attack Iran or vice versa. It is in neither countries interest /nt

[denem]

8. Google it.

Israel has asked the US for access to Iraqi airspace three times in three years.

[still_one]

11. It still won't happen /nt

[Tom Rinaldo]

5. Buy on the rumor, Sell on the News

An old Wall Street truism. Still going up despite that. That takes pretty good news to pull off.

[mdmc]

9. why wouldn't the price be way down - isn't this bill bad for their business?

No, this bill is very good for them..

[Donnachaidh]

10. and of course it's Christmas week, and many traders are OFF

So they'll just wait till after the holidays to load up on stock. :shrug: It's not like this bill is going to go through any huge changes now that the insurance industry won.

[golddigger]

12. Wall street gains on Health Stocks!

Is the screaming headline on yahoo finance page.

http://finance.yahoo.com

[golddigger]

13. Dupe/delete

[tekisui]

14. Markets abhor uncertainty. Everybody knows what we are dealing

with now.

[Ruby the Liberal]

15. What are you talking about? Here is the % increases for the big boys:

As of 2pm eastern:

WellPoint, Inc. +2.33%
UnitedHealth Group Inc. +1.71%
Aetna Inc. +4.40%
CIGNA Corporation +4.50%
Health Net, Inc. +2.59%
Humana Inc. +3.40%