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.
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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 (NYSE:AET) as an example, ObamaCare looks like a godsend.
If we drill down to medical device makers, Medtronic (NYSE:MDT) is also faring nicely.
Does this mean ObamaCare will be terrific? At this point, at least health-care stocks are applauding.