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Re: None

Tuesday, 01/19/2010 3:08:52 PM

Tuesday, January 19, 2010 3:08:52 PM

Post# of 2827
This unexpectedy strong push could very well be a "buy the rumor, sell the news" situation. If the market is front-running the strong likelihood of a Brown win in MA and a return to gridlock in Washington, according to Cramer, it could be selling pharma and the financials big time tomorrow. Of course, the Dims are frantically trying to figure out how to pass *something* on HC before Brown could be seated, but the odds are rapidly diminishing. The House won't accept the Senate bill without the Stupak abortion language and/or a public option, and the Senate would have to debate and then vote on the additional deals cut for labor, which would give sufficient time for Brown to be seated and again expose the bill to a cloture vote. They could strip out everything except the regulatory changes and pass it piecemeal with simple majorities, but the grand takeover strategy would be dead. Anything beyond HC, such as Cap & Tax and Card Check, are also dead with a Brown win. How wise were the Founding Fathers?

If Coakley were to pull off a victory, which would be an upset at this point, I would not want to be Long. Also, with some of the polls, the margin of error is said to be within the Acorn factor.


Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

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