Dow up over 100 points, biggest gain in 5 weeks

[HughMoran]

updated 53 minutes ago

NEW YORK - Investors are starting to believe that the stock market is on the verge of another big rally.

The Dow Jones industrials rose 103 points Tuesday, their biggest point gain in five weeks. The day's economic news was tepid as the National Association of Realtors reported a drop in homes sales last month that wasn't as steep as forecast. But analysts said many investors, after seeing the Dow rising 15 out of the past 18 days, grew afraid of missing out on further gains.

http://www.msnbc.msn.com/id/35998778/ns/business-stocks_and_economy/

Hey Cramer - yeah, that HCR bill is a huge impediment to the economy.

Moran :eyes:

[damntexdem]

1. Although I often don't trust what makes the stock market go up.

But this is hardly the big hit the GOP said the economy would take if HCR passed, nor the stockholder panning of it.

[Cha]

2. Good..it should get

even better with the HRC signed and we start reducing the deficit down the road a piece.

[DJ13]

3. yeah, that HCR bill is a huge impediment to the economy.

The insurers just got a guaranteed 30 million new victims to suck the life out of.

Its all good as far as Wall Street is concerned.

[Hell Hath No Fury]

4. Of course it is.

Wall Street is doing just fine. It's the rest of American that is royally fucked right now. :shrug:

[HughMoran]

8. Wow, the bill even promotes getting laid more?

I better read it more carefully :D

[JuniperLea]

5. I'm sure there's something really bad, bad, bad about this!

I haven't heard the GOP spin it the other way yet... waiting... waiting...

:P

[impik]

6. Vote of confidence in the stability of the Obama administration

[DrDan]

7. this should be no surprise to anyone . . . quite obvious

[onenote]

9. its armageddon I tell you! armageddon!!

[denimgirly]

10. Heath Care Sector is Biggest Gainers Again today

Congratz! Wellp, the bill has some good things even if it also makes the pharma and insurers and thus, Wall Street, very happy.

[HughMoran]

11. You have to wonder why they spent so much to defeat this

I ain't hurtin' them none - at least not yet.

[DJ13]

12. I dont think they wanted to kill it, just make noise to threaten Congress

to prevent a last minute PO or drug re-importation from being slipped in.

[denimgirly]

13. Actually they didnt spend much -- Pharma on the day cheered Dems

Pharma on the day of the vote cheered democrats on....i will get you the link to the news about this.
Insurers are not entirely happy of course but the big thing for them is the 32 million madated customers...So it is a part win. Also there is no real cost control on premiums and especially right now till 2014 they can do whatever they want (some limitations on them kick in in 6 months from now but they are not the big things).

The biggest winner is Pharma...they also have the 12 year patent and no drug importation nor negotiations.

So Wall Street shows 15-30% gains for these last 2 days in the sector...Biggest gain for insurer i see is 10% for the day.

[SpartanDem]

14. delete

[cornermouse]

15. Insurance companies don't have to pretend any more. n/t.

[alcibiades_mystery]

16. Investors don't like uncertainty

If you have a law, then they can work with it. If it's a big question mark, then they can't. It really has almost nothing to do with content.

[HughMoran]

17. Bush permanently changed this country

Up is down, good news is bad. :P