Just a thought on the failed health care bill
I see the US health care bill being pulled as a potential net positive. In my opinion the markets never really cared about the bill, they are more interested in what comes after - the promised tax cuts, and reduced regulation to business. The fact is the health care bill being held up was only a negative because it was seen as holding up these further developments. Ryan has come out and said Obama care is the law of the land, at least for the near term. Check out the bounce seen in some us bank stocks when it was announced that the bill had been pulled off the floor -thoughts?