McCain Stocks Soaring

The companies that are supposed to be hurt by an Obama administration are vaulting higher.

By SHARE

Not only is the Dow up nearly 300 points, but Pfizer and Merck are up strongly. Both stocks are supposed to suffer from Obamacare. Is the market rallying on the certainty of an Obama win or on hopes of a McCain upset? Me: I just don't see how the certainty of higher taxes, more regulation and more unionization helps stocks. Plus, stocks tend do poorly under unified government.