Where to put your money now that Obama’s won
The Patient Protection and Affordable Care Act, the President’s health care initiative, set out new mandates, subsidies and credits to employers and individuals to increase Americans’ access to health care. Upon its passage in March 2010, investors began boosting the shares of drug makers, insurance providers and hospitals because they all suddenly had a lot more paying customers, courtesy of the government and taxpayers.
Shares of Pfizer PFE -2.34% , for example, had fallen 50% during the eight years of the Bush Administration, January 2001 to January 2009. In contrast, its shares are up 70% during the Obama Administration, almost in a straight line. Sixty-four percent of the gains in the maker of Viagra, Zoloft and Lipitor have come since ACA passed.
Insurance provider Unitedhealth Group UNH -4.94% is up 73% since Obamacare passed. Smaller biotechs have gained a lot more, led by Alexion Pharmaceuticals ALXN -3.57% , up 252%.
Overall, SPDR Health Care XLV -2.26% , which includes all the health care stocks in the S&P 500, is up 31% since the President’s health-care law passed, vs. 27% for the broad market. It’s still a good bet going forward, as most of the benefits still lie ahead.
Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
Comment pages: « Previous 1 2
Which is why I just threw some stale gasoline into the yard of my liberal neighbor. If we’re going to “share” everything then let’s share.
Bishop on November 7, 2012 at 2:39 PM
Buy gold and put it under the mattress.
The Rogue Tomato on November 7, 2012 at 2:40 PM
1. Starve the looters, in turn the moochers.
2. Become a looter.
Schadenfreude on November 7, 2012 at 2:40 PM
Sell your stocks now. The fiscal cliff cometh. Invest in hard assets. Consider buying stocks in government crony companies after we hit bottom. Take on debt now instead of later to take advantage of QE.
stvnscott on November 7, 2012 at 2:40 PM
Canned goods and ammunition?
JohnGalt23 on November 7, 2012 at 2:40 PM
Bishop on November 7, 2012 at 2:39 PM
Hmmmm, what is this “stale” gasoline of which you speak? Sounds….interesting.
txmomof6 on November 7, 2012 at 2:42 PM
Somehow I doubt people are going to like O-Care any more once it starts coming online. They voted for it, they can suffer the consequences. Meanwhile, my state legislature now has a veto-proof majority and our re-elected Dem governor has even less power than before, and we passed a referendum preventing the executive from setting up an ObamaCare exchange on his own. We are as safe and hunkered-down as can be. I’m grimly satisfied and looking forward to 2014.
alwaysfiredup on November 7, 2012 at 2:42 PM
Gasoline containing ethanol which has absorbed water from the air. It ruins engines–especially lawn equipment and boat motors.
stvnscott on November 7, 2012 at 2:43 PM
The last place to put it would be any type of governmental ‘securities’ – remember what the dear liar said on Lettermen about owing a lot of the debt to ourselves.
What better way would there be to instantly ‘redistribute’ the wealth than by screwing those that are holding that debt?
Chip on November 7, 2012 at 2:54 PM
Actually not a bad idea.
At what point do you maximimize deductions vs. cost of child rearing? Some economies-of-scale involved.
Norwegian on November 7, 2012 at 3:01 PM
Stay single income. Challenging, but by no means impossible. Bonus points for pissing off the left by having the missus stay home with the kids. (Bonus bonus points for her homeschooling them.)
Depending on your income, 3-4 should do the trick.
As far as cost, money can be saved by hand-me-down clothes for starters. Also, my wife found a really good, easy recipe for home-made laundry detergent that saves us a pile of money, because six people can generate a mountain of laundry. About $3 in materials yields five gallons (about a 6-8 week supply).
You just have to get creative.
CurtZHP on November 7, 2012 at 3:13 PM
Some rules for the new reality while on the road to Greece (a work in progress)
- Remain unfailingly courteous and even tempered.
- Take everything you can from the government. Its your money, and they’ll spend it anyway.
- To the extent possible, disengage from the economy.
- Don’t pay someone else to do anything you can do yourself.
- If you can, grow your own food.
- Repair, don’t replace.
- If you don’t need it right this second, don’t buy it.
- Buy used. From an individual rather than a business. Failing that, buy local. Choose small businesses over big ones.
- Help people you know personally rather than giving to charity. If you don’t know of someone in need, wait. You will.
- Waste nothing on politicians. They no longer need your vote, so not one of them will lift a finger on your behalf.
- Teach your kids to identity and reject statist indoctrination in public schools.
- Make all higher education decisions based solely on ROI.
- Starve Hollywood. Use your public library for entertainment.
- Above all, protect your ass(ets).
I’d love to hear your ideas.
ElectricPhase on November 7, 2012 at 3:16 PM
You can always use it for wallpaper…
Hat Trick on November 7, 2012 at 3:20 PM
ElectricPhase on November 7, 2012 at 3:16 PM
how to be a patriot in Obamas economy.
tom daschle concerned on November 7, 2012 at 3:20 PM
Watered gas, that which has been corrupted by water vapor, though any gas will do, just claim it’s old and toss it over the fence.
Bishop on November 7, 2012 at 3:21 PM
only purchase items face to face with cash or barter. Craigslist already has the infrastructure in place. learn how to cure your own tobacco, brew your own beer, distill your own liquor.
plant a garden, barter for a plot if you don’t have land. turn the TV off. only charge your phone in your car or at work. enjoy the national, state, and local parks. look at YouTube to see how ultralight campers cook and prepare food.
starve the cannibals. starve the looters. starve the weepers.
tom daschle concerned on November 7, 2012 at 3:24 PM
ElectricPhase on November 7, 2012 at 3:16 PM
Great list! I’m saving it. God bless.
JAM on November 7, 2012 at 3:25 PM
Great input, thanks!
Norwegian on November 7, 2012 at 3:26 PM
Addendum to “Repair, don’t replace:”
Buy a Haynes manual for your car (available at auto parts stores). Most repairs are easily done in your driveway rather than paying a mechanic $50-60 an hour in labor.
Books and other resources on home repairs are helpful too. You’d be amazed how easy some things are to do. Within the last two years, I’ve replaced all my windows, a porch roof, a water heater, and my entire electrical system (main panel, meter base, etc.) myself. Never did any of those things before. Saved thousands $$$!
CurtZHP on November 7, 2012 at 3:31 PM
Abroad.
J.E. Dyer on November 7, 2012 at 3:44 PM
This!!
mrt721 on November 7, 2012 at 4:25 PM
Barter system, although that could fall under.
Just had the house painted. The guy gave me $150 off if I paid him in cash. He was clever as a fox.
—-
Before you think HA posters are going a bit nuts here, check out the comments on that article. These are people who live and breathe based on the stock market.
kurtzz3 on November 7, 2012 at 4:31 PM
What a stupid article. Yeah, load up your portfolio with healthcare stocks. Just be sure to cash out before they all start going out of business.
What to do with your money? Might as well burn it for fuel. That’s about all it will be worth.
NoLeftTurn on November 7, 2012 at 5:13 PM
Comment pages: « Previous 1 2