I’ve read a few times today where folks opined that Dow 15K is just a number. I suppose that’s true, but in this case, “the number” marked a fairly nice breakout. In addition, while 15K is just a number, it’s certainly a number that gets attention. And by attention, I mean people pouring even more money in the market so as not to miss Dow 20K!
We’ll see how it all works out. For now, bulls are in control.
The other hot topic lately is ObamaCare and whether it’s going to be great…or a disaster. My thinking is always on display when I’m on Cavuto or Bulls & Bears, but for now let’s focus on the stocks.
First, let’s look at health-care providers. Using Aetna (AET) as an example, ObamaCare looks like a godsend.
If we drill down to medical device makers, Medtronic (MDT) is also faring nicely.
Does this mean ObamaCare will be terrific? At this point, at least health-care stocks are applauding.
Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."