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Commentary Topic from greenfaucet

Stocks Surge as Obamacare Implodes

Hate to say it but Obama’s disastrous press conference last night is a big contributor to today’s roaring stock market. The Dow opened strong and is now up over 200 points, continuing a very bullish rally that is breaking new high ground for shares this year. Politics is not everything, but I believe that the shrinking probability of a new government insurance plan that would lead to nationalized health care -- along with the demise of cap-and-trade that would nationalize energy -- is very bullish for stocks.