[hstacey]

There was a blog a few days ago about how the market was still going up after that bill was passed on Sunday. Did anyone have a reason for the market doing that? Something is just not right there and I didn't hear any explanation for it...

[raybbr]

There was a blog a few days ago about how the market was still going up after that bill was passed on Sunday. Did anyone have a reason for the market doing that? Something is just not right there and I didn't hear any explanation for it...

I often wonder the same thing. Especially when, yesterday, several companies announced humongous charges based on the HC bill.

The short answer, in my mind, is the people with the wealth are manipulating the marker for short term gain and then will bail out when the fan gets dirty.

I have no idea what, or if, the average investor is "investing" in. It makes no sense.

Also, remember the taxes that will be generated from a massive sell off. The WH is probable waiting with glee for that.

[SonOfDarkSkies]

I have spoken to several brokers and investors over the last few weeks about the HCB. The brokers are clueless (but optimistic) and the investors are either following the crowd (and clueless themselves) or unsure of what to do.

Remember that the stock market is not the economy and has a life of its own. Its owners are fully capable collectively of excessive optimism, denial, blindness, confusion.

Since the markets typical move on REAL data and since the effects of the HCB haven't been felt yet (though some companies are reporting estimates of pain), I think the markets are still assessing the future effects of the HCB.

In its optimism, the market may be expecting the HCB to be "fixed" such that it deadlier aspects are removed. I am not of that opinion.

[combat_boots]

There have to be a whole lottapeople in on this scam.

[madison10]

There was a blog a few days ago about how the market was still going up after that bill was passed on Sunday. Did anyone have a reason for the market doing that? Something is just not right there and I didn't hear any explanation for it...

I have an explanation. They are using the TARP money to control the markets. It's magical money creating smoke and mirrors for the masses. The desire of people to get the money lost in '08 back will keep suckers going for risk. That's why they have been so reluctant to explain how the money is being "spent."

[greeneyes]

The market had already factored in the likely passage of Obama care. There was no restraint on prices, hence Insurance companies stand to gain temporarily from influx of new customers, and ability to raise premiums. Hence, many insurance stocks rose.

[lucky american]

Because insurance companies are set up to make billions on young and healthy clients. (able to pay many years without getting too much). Insurance stocks skyrocketed on Tuesday.