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Financial investors have a liberal bias!

Obamacare investment funds have a liberal bias.

Everybody knows that Obamacare must be repealed, and will be repealed. Either Rand Paul will veto it when he’s elected President in 2016, or Michelle Bachmann will strike it down with her sword of Christian righteousness, or Ronald Reagan will miraculously rise from the dead and pronounce it unconstitutional. But one way or another, Obamacare will be repealed!

So how come this stupid graph shows that investors are overwhelmingly betting their money on the idea that Obamacare will not only stay the law of the land, but will be a success?

From the article in Business Week:

A new online broker, Motif Investing, is offering Obamacare’s friends and foes alike a chance to put their money where their mouth is… “A lot of people think conceptually about investing,” [co-founder Hardeep Walia] says. “We take ideas and translate them to what we call a ‘motif’—an intelligently weighted basket of up to 30 stocks, built around an idea that people can understand.” […]

Two of the hottest motifs right now are Obamacare and repeal Obamacare, Walia says. They represent, respectively, the idea that the law will succeed and that it will fail. The Obamacare motif is made up of hospitals, generic-drug makers, pharmacy-benefit managers, and companies specializing in electronic medical records, all of which stand to gain from the Affordable Care Act’s emphasis on cost control and its guarantee of payment. […]

Repeal Obamacare is composed of companies that would benefit from the law’s demise, mainly medical device manufacturers, which the ACA saddles with a 2.3 percent excise tax; assisted-living and home health-care providers, which will suffer from reduced Medicare and Medicaid reimbursement rates; and medical diagnostics equipment and services providers, which may encounter reduced demand as a result of the law’s efforts to curb unnecessary testing.

The Obamacare motif is up 46.9 percent in the past year, doubling the performance of the Standard & Poor’s 500-stock index (up 22.8 percent). The repeal Obamacare motif has risen just 13.8 percent in the past year.

What’s most striking isn’t the performance of the two funds, but where investors are choosing to place their money. “We don’t have convictions or views on the law itself,” says Walia. “We give you both sides of the equation.” But one is clearly more popular: He says Motif investors have bet 45 times more money on Obamacare’s success than on its failure.

WHAT’S WRONG WITH YOU, STUPID INVESTORS? WHY ARE YOU BEING SUCH POO-POO HEADS?

As a conservative, I used to think that investors were always smart and perfect and the only people that really matter in the economy. But NO MORE!!

Obviously, if these stupid, dopey, nasty, poo-poo head investors are betting that Obamacare will succeed, it can only mean one thing: they have LIBERAL BIAS!!!!!

 

 
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