If Cramer’s Game Plan is a chance for viewers to prepare for the coming week, then no event should took greater priority for them than this weekend’s expected health-care vote. The bill will have a significant impact on the investing world, he said, so everyone should get ready for the fallout.
The passage of health-care reform could set in motion a number of other legislative proposals from the White House – card check, cap and trade and, most importantly, higher taxes on capital gains and dividends – that would hurt both businesses and stocks. And that would translate into “a nasty sell-off,” Cramer said.
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