FRONT PAGE CONTRIBUTOR
Early Market Reax to HCR
The major health insurance and provider stocks leaped upward on the open, as expected. (They just acquired 32 million new customers in the most ideal way: it’s now illegal not to buy their products.) They all came back down again on some initial profit-taking, and now they’re drifting back upward again.
Big Pharma stocks started strong and stayed strong. Devices are looking steady. Capital markets are steady, with notes and bonds somewhat higher.
There’s nothing wrong with state capitalism. As long as you’re in the right position to profit from it.