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'Mad Money' Cramer: Health Care Passage 'Will Topple the Stock Market'
Newsbusters ^ | March 19, 2010 | Jeff Poor

Posted on 03/19/2010 5:34:49 AM PDT by Rufus2007

While a vote on health care reform legislation appears to be imminent, should it pass it could have broader economic implications, even if the bill itself won't take effect for some time.

As CNBC "Mad Money" host Jim Cramer predicted - if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC's March 18 "The Kudlow Report," with his broadcast partner Larry Kudlow. Kudlow asked Cramer to elaborate on his theory ObamaCare could send the financial markets reeling or "topple the stock market," as Kudlow described it.

"First, it is the single biggest impediment to the stock market going higher," Cramer said. "And a lot of this has to do with what's not being talked about enough with how it's going to be paid and also about what it will do to small business formation. This bill is a disaster for both."

...more (w/video)...

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: 111th; bhohealthcare; cnbc; cramer; jimcramer; larrykudlow; obamacare
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Time to short some stocks.
1 posted on 03/19/2010 5:34:50 AM PDT by Rufus2007
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To: Rufus2007

Even Cramer gets one right from time to time.............


2 posted on 03/19/2010 5:36:31 AM PDT by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: Rufus2007

He is wrong on this. The Market has already factored in that it will pass. Betting on Wall Street right now is 80% think it will pass. Insurance stocks will rise.


3 posted on 03/19/2010 5:36:50 AM PDT by Old Retired Army Guy (tHE)
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To: Rufus2007

It’s actually a valid investment strategy to do the exact opposite of whatever Jim “Buy Lehman!” Cramer says to do.


4 posted on 03/19/2010 5:37:43 AM PDT by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: Rufus2007

I don’t believe it. Odds are this will pass, or at least nobody could be betting that it won’t right now. And the market is up big this week.

Eventually, there will be major repercussions in our economy, but I doubt the market is going to tank on Monday if the bill passes.


5 posted on 03/19/2010 5:39:54 AM PDT by CharlesWayneCT
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To: Old Retired Army Guy
"Insurance stocks will rise."

MAO-bama-Care will eliminate insurance companies.

Joe Biden: "You know we're going to control the insurance companies."

6 posted on 03/19/2010 5:40:19 AM PDT by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
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To: Old Retired Army Guy
You need to help me with this. Why would this make insurance (health, I presume) stocks rise? I would assume there would be a massive sell off before the company went out of business.
7 posted on 03/19/2010 5:40:36 AM PDT by Aevery_Freeman (Don't just pick between Bull Sh*t and Horse Sh*t, clean out the stable!)
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To: perfect_rovian_storm

It’s actually a valid investment strategy to do the exact opposite of whatever Jim “Buy Lehman!” Cramer says to do.

Precisely, Cramer is a craven dem flunkie. For all his talk of free markets he is a lickspittle socialist at heart. Screw him and his predictions. The only thing he knows how to do is follow a trend. He has no idea how to create one.


8 posted on 03/19/2010 5:43:09 AM PDT by equalitybeforethelaw
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To: Aevery_Freeman

they will be getting a large number of people buying private insurance with federal subsidies


9 posted on 03/19/2010 5:43:44 AM PDT by ChurtleDawg (voting only encourages them)
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To: Rufus2007

If Cramer is right watch for the President to announce that the plan will be delayed until the economy improves. That right there could mean after the angry American electorate votes out all those Democrats (and a lot of RINO’s) the plan will never become law.


10 posted on 03/19/2010 5:44:41 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Aevery_Freeman

Why would this make insurance (health, I presume) stocks rise?

Insurance stocks will rise because they are the short-term beneficiaries of Obamacare. Temporarily acting as the insurance “agents” of the gubmint, they will see a rise in the number of “customers”, thereby increasing their revenue in the short run. But the gains will be short-lived, as the gubmint will eventually eliminate them from the landscape... think of it as the “perversity of the street”, with money managers only thinking of the next reporting quarter rather than the long term growth and strength of the market.


11 posted on 03/19/2010 5:46:48 AM PDT by Common Sense 101
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To: RayChuang88

If I recall, Cramer had HIGH PRAISE for Barry...so anything he “predicts” is cr*p.


12 posted on 03/19/2010 5:46:48 AM PDT by Blue Turtle
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To: Rufus2007
Time to short some stocks.

Nah - Cramer is the best contra-indicater I've seen.

Time to buy big!

13 posted on 03/19/2010 5:47:34 AM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: Rufus2007

The fate of that legal betting pool called the stock market will be the least of our worries should NancyCare come to pass.


14 posted on 03/19/2010 5:47:46 AM PDT by SpaceBar
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To: Rufus2007

I’m beginning to think that if the Democrats KNEW passage of this outrageous bill would crash the stock market, increase unemployment to 25%, bankrupt the country and put Americans out of their homes and into cardboard boxes, they’d still vote for it. Gotta make Obama look good, and gotta advance Socialism.


15 posted on 03/19/2010 5:47:57 AM PDT by From The Deer Stand
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To: Rufus2007
The SEC is investigating The Street.com—the website co-founded by CNBC host and Jon Stewart target Jim Cramer—over some questionable accounting regarding a former subsidiary. The agency wants to examine how the website recorded revenue for Promotions.com, a marketing company it acquired in 2007 and sold last December, reports the New York Post.

http://www.newser.com/story/83640/sec-investigates-jim-cramers-website.html

16 posted on 03/19/2010 5:50:19 AM PDT by NativeNewYorker (Freepin' Jew Boy)
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To: Rufus2007

When’s the last time Cramer was right on anything?

He said Bear-Stearns was a great buy at $40, a couple of days before it collapsed.

He was massively wrong on something else a few months later.

Whatever it was he said would happen (market up, market down, I don’t recall) if Scott Brown replaced The Swimmer, the opposite happened.

Why should any credibility be attached to anything he says?


17 posted on 03/19/2010 5:51:03 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: ChurtleDawg
But businesses will be dropping health care plans faster than Obama is dropping support for Israel. These newly uninsured will make too much to qualify for subsidies but not enough to afford the premiums. They will just pay the fines until they get sick and then sign up. No insurance company can survive that business model.
18 posted on 03/19/2010 5:51:07 AM PDT by Aevery_Freeman (Don't just pick between Bull Sh*t and Horse Sh*t, clean out the stable!)
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To: Rufus2007
Kill the Bill Mega Rally at the Capitol, noon Saturday until ???

Note the walking-distance metro stop. Park anywhere and ride the metro in.

Or drive around the Capitol and gridlock traffic while honking thousand of car horns.

19 posted on 03/19/2010 5:52:08 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Rufus2007
Wall Street will be virtually non-existent in a few years if Obama keeps up his rate of takeovers.

GM, Chrysler and banks were the test companies. Health care is the big enchilada. If they succeed in Ocare, nothing will stop them from taking other industries over.

Next in line: gas and energy

Over $3 gas this summer will prompt the moral outrage once again, and Obama will deem it necessary to make gas and energy affordable to all Americans.

You know its coming, folks. We are living in a time of unprecedented government greed under the guise of humanitarianism, not seen since the likes of FDR.

The downtrodden will eat it up, especially those in high unemployment areas. More and more dependency on the government means more votes for liberals.

If this isn't stopped now, this will create a permanent cycle which will ensure Democrats will always hold office.

We are living in trying times, there is no doubt. The fate of our country is on the line.

It really is, do or die.

20 posted on 03/19/2010 5:52:31 AM PDT by rintense (Only dead fish go with the flow, which explains why Congress stinks.)
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