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With two days away from the Supreme Court decision on the new health law.
-- the company now is -- -- -- -- with the chat with investments in frequent visitor to the shore as a New York City -- a welcome mat.
Let's start with the premise which I don't know but let's start with a promise that Obama is swept away on constitutional right.
What happens to health -- insurance stocks well I don't know how much.
It's going to directly impact them and in many of them are selling out there -- -- selling below where the S&P is on valuation.
So why don't own any of these the United Healthcare and at.
Aetna or the two that obviously the United Healthcare and signal of the two that I would really focus my attention on if you are going to bite into that sector so will they go off.
United and -- and -- go -- it obamacare is struck down I think that they -- what was the overall market because when you move obamacare you remove a major tax and -- emphasizing work.
-- and all corporations you also create clarity.
People have sat around just like myself I have not been hiring people.
When and if this goes away all start to look at hiring people because -- have clarity on what earnings are gonna look like on the wrote a -- health as a hospital stocks.
I don't I don't see a major impact on you know interest instinctively you would think that these are gonna be helped quite a bit but we'll look at the stock prices and anticipation most people believe this is -- be knocked down up when you look at them you don't see any of that into the marketplace you see any reason for investing in this kind of -- health cast -- of any kind -- -- immediate future now -- -- -- what what with -- reason to Gideon.
And -- buy and hold -- -- that's what most people do his.
-- it's a great question sort of mean you look at it as an isolated incident or isolated sector you might look at and say hey this might make some sense that there's so many other areas that you would look at before you look at health care because there's still a lot of clout a lot of flows in this round health care.
The sector because even gold -- -- might be shut down.
Arm which we all hope it does there's still issues in that sector flight idol wouldn't rush jobs are buying of stocks -- -- -- -- speculation OK let's suppose the President Obama is vitals in his attempt for a second he loses in the Obama right let's suppose that the Republicans sweep the senate and the Republicans keep control of the house on this is pure speculation right if that happened.
What happens in the stock market.
The stock market will.
Intended to be surprisingly to -- -- say -- the stock market will rise because the policies that will then be put in place will be pro.
Business right now we have a president administration that I've never seen in all my years of those 25 years.
Anywhere any administration that is more negative towards business so if you get rid of that we will then perhaps wouldn't you know obviously -- -- -- blanket will be gone and that will then help the rest of the world because United States -- represents the biggest.
Engine out of the entire world we have a fifteen trillion dollar GDP you take China.
2 PM in Germany combined them.
They don't even add up to as -- -- our.
GDP so we're really the -- piper we've got to get our engine going and get rid of regulation get rid of taxes and the new administration and the new directions what this country needs.
Let's suppose again speculation obamacare is swept away by the Supreme Court wrecked and that's considered a negative for president Obama's reelection chances I don't know whether it is on off right that's -- book is let's take it that way -- because the market overall rally forget -- -- stocks the market overall -- rally on perceived weakness of President Obama it.
Depends on what's going on in Europe.
-- all respect your -- affiliates in the home there's no question nothing matters as much as what goes on in Europe right now.
But I've I've got us soon relate to angle and local will open up the wallet and pay for the Greeks or the Spaniards leaves town that -- -- advising -- Don't -- from under.
Don't do it why why why bring yourself down -- because there's no upside to based -- global and crash right.
You say all right I'll give you a hundred there.
Go away because it won't go away for more than a couple of months but that's what we will that you've got to stop feeding this I've got -- I drink I drink at the Tennessee you'll find young men thank you want.
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