Don't Let This Guy Pick Your Stocks

Oh boy, even the so-called stock analysts on MSNBC are far left. Below is a video from MSNBC of one of business anchor Dylan Ratigan raking Rep. Debbie Wasserman Schultz (D-FL) over the coals because he is outraged that insurance companies recently have seen their stock prices go up. Now Rep. Wasserman is pretty liberal, but apparently not liberal enough for Ratigan.

I would also suggest that he go find a dictionary and look up the meaning of the word monopoly. Showing a chart with five companies listed and screaming about a monopoly just doesn't show it.

On his chart he shows Wellpoint as posting a 12.6% increase in recent weeks. Well, yeah. That is because right after the election of Barry O their stock, along with all other health insurance companies, tanked. This was partly a result of the entire economy tanking along with fears that the healthcare legislation would be one of the top priorities of the Democrat-controlled Congress. They have slowly built back up, but in October when it looked like the health care bill was going to get rammed down the Americans throats, it started heading south again. They have just barely reached the level they were at, almost a year ago.

Aetna showed a similar pattern.

United Healthcare - same story.

So before this babbling buffoon gets on TV and shows his ignorance he ought to do just a little bit of rudimentary research on the subject.

Besides, what sort of analyst rails against rising stock prices? Isn't he supposed to be looking out for those stocks that show strength so that he can advise consumers?