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Monday, March 02, 2009

Healthcare Reform II: Why Healthcare Stocks are down 25%

Nationalizing banks and autos is not enough for Obama. Next stop: healthcare. Anyone notice healthcare stocks are down 25% over the past 2 weeks? J&J, Medtronic, Merck, Pfizer, Lilly, Stryker.

To paraphrase Matt Damon: It's like a really bad Michael Moore movie. Is Obama basing his healthcare plan off the UK or Canada's system? The market seems to think so. And no one seems to like it.