Health care, Stockmarket and CNC:Some thoughts:
I promised I would jot a few words about healthcare and how it will " affect "
read: " TORPEDO " this stock market.
It has been said that
" Nobody knows what will torpedo a bull market until after the event ".
I think this is true for this bull market.
Nobody thought of Healthcare as torpedoing this bull
but in fact it will.
Take my case. My son wants to be a doc in spite of my
repeated advice he be something else .He could
have been anything else he wanted he is so bright.
But his mind is made up and wants to be a doc.
So I told him:
“ Son, this nation cannot afford you. However if you are
going to be a doc you might as well be a doc of the 21st
century, which is high tech.
So what you need is a double undergrad degree.
A BS in Chem.Engineer. plus a Master of Science
in BioMedical Engineer. A 5 year program offered
in some Universities.
Then you go to Medical School and be a Heart Surgeon.
( which is what he wants to be ).
What will happen after that?
Here it is:
ama-assn.org
“Physicians build a hospital of their own “.
This article I think is of seminal importance:
It shows the future of medicine and has important
implications for the economy and the market.
I will continue in another post,
What this article shows
ama-assn.org
“Physicians build a hospital of their own “.
is that HIGH SKILL physicians are:
-getting tired of the bs of the last 20 years
-are striking out ON THEIR OWN.
-they have the knowledge, skill and money to build
their own “ Specialty “ Hospitals
( cardiac, spine and orthopedics )
-they DON’T need “ AN ADMINISTRATOR “
-These specialty Hospitals are for “ CASH ONLY “patients.
ie there are no Emergency rooms where morons like
YHOO poster shortin_CNC_to_zero who lost money shortin
cnc and has No Insurance coverage, can just walk in
an ER and think he’ll get care which is what happens
in the US today.The Specialty Hospitals will be closed to him.
-This will “ skim the cream at the top “ from the public hospitals
who are now taking care of all the drug, substance abuse,
alcoholics, gang members shot in the street, HIV homosexuals
all people very often with no insurance but HIGH cost of care.
-It will stop moneys from going into religious hospitals
who have gone silently from “ non-profit “ to
“stealth for profit “ and are building palace shopping
centers and perks for “the religiously inclined physicians
in the inner group “.
Thus HMOs and folks with poor insurance because they would rather
invest in Stock Market High PE dot.coms than buy
good health insurance, will get no coverage, until
they do buy good Insurance.That will be very expensive.
When the public finally figures out that
“there is no free lunch in America “
and that they have to pay for what they get
( my son will be very expensive when he gets
out to practice at age 32 ),
thye Stock Market will go in Diet Regime to
get rid of the fat.
Then all bloated stocks will hit the dust:
The CRSCOs INTCs, MSFTs, JDSUs
eBay and YHOOs with BLOATED Pes.
And slimmed down stocks such as CNC under
Wendt will take off,
I am now going out for my 9 mile run.
Getting ready for my 3 mile race next week,
ta_56
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Oct. 18 , 2000 COMPLETE CNC NEWS, REVIEWS & COMMENTARY
Turnaround Memo #2
from Gary Wendt is for real.
It can be sen in CNC website
conseco.com
SI version offered as a record, in case memo is later taken
off CNC website:
Message 14604407
and YHOO
biz.yahoo.com
and MSN
news.moneycentral.msn.com.
============================================
Irwin Jacobs put out a new memo where he explains how the sell off
is due to Funds selling CNC for tax loss purposes
as well as because they are not allowed to hold stocks without dividends
after CNC cut the dividend,
irwinljacobs.com
Message 14592515
===================================================
Meanwhile Naz and Dow are tanking as I thought last week and as per
Abelson’s editorial, ” Paradigm Lost “:
Message 14584907
Naz down 38% this year compares favorably <VBG> with CNC’s
decline last few weeks.Only difference is that
in 2001 CNC is looking up and Naz is looking down.
Healthcare will torpedo the Naz , ( with oil ).
I will have more news on it in the future.Healthcare news is horrible.
I will post it when I have time,
TA
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