Merck: Down 1.6%
Glaxo: Down .52%
Pfizer: Down .3%
And the insurance stocks, as measured by an EFT, are down 1.75% today.
Can some Republican explain why Wall St. thinks Brown’s election will be bad for the health care and insurance industries?
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0.3%?
You call 0.3% some kind of catastrophe?
You need to work on some math. 0.3%. Practically every stock moves that much in a day.
Yes.
The Obama bill would give the insurance industry 31 million new customers through indavidual mandates to buy health insurance…
If the bill is defeated, they won’t get their new captive customers.
They may drop because there won’t be guns to the heads of Americans forcing them to buy health insurance. This is market speculation. They went up as people thought that the fascist left would force people to purchase.
no, if the heath care bill passed people would be forced to purchase heath insurance, thus giving the ins companies and pharm cos more money, no there is a chance it won’t pass so stocks are getting sold since money may not be made
Because Brown won’t be doing anything to change the status quo and the current situation (regardless if you look at it from the Dem or Rep perspective) is well-known to be broken.
News Flash… The bill was written by insurance lobbyist!
They are worried that with a new republican in the senate, Rush may no longer his medical cocktails.
It throws government stability into question. Not via revolution, but via voter anger.
A stable government helps stabilize markets. Now that has been called into question because a Republican won an election for a Federal position in a heavily Democrat and liberal state. This throws the whole trajectory of where the USA is going in the next year into question.
stocks went down because it is bad news about brown
Not a republican, but if health insurance companies were anticipating having another 30 million customers and now those new customers are not going to be forced to buy insurance, stock prices would decrease.
it’s classic wall street buy the rumor sell the news. they went up on the rumor of his election, when he was elected they dropped. this happens ALL the time. the obama healthcare plan would have been good for health insurance companies anyway, the election was just a “trade.”
You don’t need a Republican just a chart. The stocks shot up much higher yesterday on the assumption Brown would win. Today you are seeing profit taking. You see, if you are a stock speculator, you have to place your bet before the race is decided.
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because they realize, as now do the Dems, that America does not want the health Care that the current GOVT is trying to force through with backroom deals. The election is MASS was a cold splash of reality water on Health Care.
lol…..wall street has been going up and down for years…….it ha nothing to do with brown……but it is true that the insurance companies will not get the billions of bribes that the dems put in to get the bill passed……..whooooo hooooo
Merck, Glaxo and Pfizer are all drug companies – Big Pharma. And whole countries, like Greece today, are canceling their H1N1 vaccine orders. I think this may have something to do with the dropping stock price.
and I thought you were an English teacher!!! HAHAHA!!1
Merck went down because a lot of people are just taking profit. The stock went up by a lot for a few before the drop.
People won’t be forced to by insurance which would have benefited big insurance companies.