Quote:
Originally Posted by buckman
If this bill was going to stick it to the insurance companies ( the ones that are in bed with the Republicans) why did the stocks of those companies go up after the bill was signed???????
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I didn't know this was a bill to "stick it to the insurance companies" who are in bed with Republicans, or is that how Rush and Hannity describe it?
Also, you put a lot of focus on stock prices and what the market does. The price people pay for a stock is merely what the investing population feel is a fair price. To answer your question, the stocks of those companies probably went up because people are *speculating* that this will increase their income. Probably a good bet considering an additional 32 million people will be insured and the public option doesn't exist.