U.S. Stocks Seeing Green Today With Romney

Romney (Photo credit: Talk Radio News Service)

So stocks are up today?

Markets Seeing a Romney Bounce?
By Bob Pisani CNBC

A Romney bounce? The consensus is that Governor Romney did well in the debates last night; while Europe is meandering on either side of positive or negative, U.S. stocks are higher.
This may be because there has been a long-held belief that a Romney win might be better for stocks.
One worry for investors: healthcare stocks. Many have made a “reform-on” bet in the last few weeks under the assumption that President Obama was the odds-on favorite. The Healthcare Select SPDR (XLV), the ETF for the S&P Healthcare Sector, is up about 5 percent in the last month (around the end of August, going into the Democratic convention) and closed yesterday at an historic high.
But all this betting on healthcare reform and so-called Obamacare may be a little riskier today. Interestingly, hospital giant HCA (HCA) saw its options trading jump to about 18 times average volume on a pair of bearish trades, betting that the stock would fall between $28 and $32 by the end of October. This was done before the debate.
[More From CNBC: Did Obama Really Cut Small-Business Taxes 18 Times?]
Bottom line: healthcare stocks likely weaker today. There are already concerns about Medicare rate cuts, but the elections are now a new flashpoint.

Read more at CNBC

There’s a long ways to go with the election, anything can happen.