This week’s Sentiment Survey special question asked AAII members for their current opinion of health care stocks. Two out of every five respondents (40%) expressed a positive opinion. Some respondents said health care stocks are currently attractive, while others pointed to their long-term prospects. Nearly a quarter of all respondents (24%) said they are currently uncertain or otherwise cautious about health care stocks. Some of these respondents directly mentioned the policy debates occurring in Washington, D.C. Almost 21% said they are negative on health care stocks. High valuations were listed by some, while others cited the current uncertainty.
Here is a sampling of the responses:
- “Good if you are in it for the long run. There are so many of us old folks who will need medical care of some sort.”
- “They will rise in the long term, but will be volatile in the short term.”
- “Health care stocks will twist in the wind until Congress gets its act together on health care legislation.”
- “They have run up in price too far, too fast.”
- “Good now; need to see what Congress and the president will do.”
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