Tuesday, March 23, 2010

Hell No You Can't!



On March 18, "Mad Money" host Jim Cramer appeared on CNBC's "The Kudlow Report" and predicted that passage of healthcare reform would "topple the stock market."
"First, it is the single biggest impediment to the stock market going higher,"Cramer said. "And a lot of this has to do with what's not being talked about enough with how it's going to be paid and also about what it will do to small business formation. This bill is a disaster for both."
Five days later, on March 23, the day President Obama signed healthcare reform into law, the Dow Jones Industrial Average closed up 102 points at 10,888.83, a new 17- month high.

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